iOS app Android app More

Misleading GDP Gains Mean U.S. Economy Has Been Failing Since 1998, Economist Says

Us Economy Gdp

First Posted: 04/20/11 01:03 PM ET Updated: 06/20/11 06:12 AM ET


The economy has been bedridden far longer than we realize -- and you can blame lying statistics for at least some of it.

So says Rob Arnott of Research Affiliates, a Newport Beach, Calif., investment management firm with some $50 billion under management. He argues in his monthly newsletter that, contrary to popular belief, the roots of our current malaise predate the financial crisis - and not by a little bit.

Read the whole story: FORTUNE

Subscribe to the HuffPost Money newsletter!
Filed by Harry Bradford  |