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Prof. Kim Schoenholtz explains the recent GDP revisions by the BEA

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Excerpt from Bloomberg Businessweek -- "'People ask if this is exaggerating GDP, and the answer is precisely no,' says Kim Schoenholtz, director of the Center for Global Economy and Business at New York University’s Stern School of Business. 'What you’re seeing is just a better reading on the state of the economy. Our measurement science is improving.'”

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