Coming to a reliable definition of the key inputs in the economic equation is one of the biggest challenges economists and investors face these days. Yet, understanding those inputs has never been more important. As you don’t need me to tell you, it’s extraordinarily difficult in this complex world even for smart people to sort out what’s what. But when the data set you are handed is subject to periodic change and a wide range of interpretation, the task becomes nearly impossible. “Garbage in, garbage out” sums up the situation nicely. http://bit.ly/BfXGh
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