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Irwin Stelzer: Things look gloomy for long term

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It has been a long time since the economic data have been flashing positive signals, and an equally long time since consumers, businessmen and occupants of the White House have been so gloomy. It's worth considering why this disjunction of fact and perception is dominating the economic news. Start with the data. The economy grew at a quite satisfactory annual rate of 3.5 percent in the third...

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