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Down the Rabbit Hole With US Statistics
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Down the Rabbit Hole With US Statistics

Our Correspondent
Sep 08, 2008
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Down the Rabbit Hole With US Statistics
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In recent months, investors have been unjustly chastised for their lack of consistency. In truth, they have an unblemished record of drawing the wrong conclusions. Last week’s second-quarter report on US gross domestic product provides the freshest evidence of market cluelessness.

In its report, the US Commerce Department stunned economy watchers by show…

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