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Peter Gosselin and Seth Zimmerman: Strong economy, weak confidence
Peter Gosselin and Seth Zimmerman, The Examiner May 21, 2008 3:00 AM (572 days ago)WASHINGTON Compared with previous decades, the past 20 years have been characterized by remarkable stability in the economy as a whole, a trend some authors have gone so far as to christen “the Great Moderation.” Between 1985 and 2006, real per capita GDP increased nearly 50 percent, while the variability of GDP growth declined precipitously. These signs of macro-level strength and stability, however, have not translated into increased perceptions of economic security.
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