This edition: The Leading Indicators: A Short History Of The Numbers That Rule Our World
Original tape date: March 11, 2014.
First aired: October 6, 2014.
Author and money manager Zachary Karabell argues that our financial indicators - GDP, unemployment rate, interest rates - don't tell us much about the "economy" and desperately need to be updated. And with the proliferation of data in the last decade, it has never been easier to find more useful statistics.