News: Decoding the Leading Economic Index's Decline and GDI's Recession Forecasting Power
Rebel Capitalist News
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Understanding the NBER's Announcement of Recessions and its Reliance on GDP and GDI
The chapter delves into the National Bureau of Economic Research (NBER) and its methodology for announcing recessions, emphasizing that they declare it retrospectively. It also discusses the NBER's use of real GDP and GDI to measure aggregate domestic production, along with providing insights into wealth preservation strategies and advocating for freedom and free market capitalism.
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