How the Economy Helps Trump

The American economy suffers from a split personality, and Donald Trump appears to be the chief beneficiary of this illness. A study just released by Pew shows that for the first time in decades, the middle class is no longer in the majority in the United States. Instead, the upper and lower classes are. Now the middle class—defined as people earning between two-thirds and twice the median income (from $42,000 to $126,000 a year)—constitute just under 50 percent of the earning populace. Twenty-nine percent are in the lower brackets, and 21 percent in the upper.

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GDP's Early Relevance

Economist Zachary Karabell explains the historical progression of the leading indicators in use today. Starting with World War II and continuing through the '50s and '60s, Karabell describes how the numbers came to be policymaking tools. This Carnegie Council event took place on March 11, 2014. For complete aud

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Zachary Karabell Discusses Flaws of Relying On Leading Economic Indicators

Zachary Karabell recently appeared on The Stu Taylor Show to discuss his new book, The Leading Indicators:  A Short History of the Numbers That Rule Our World. The author of 11 previous books, Karabell has written for Reuters and The Atlantic, and regularly provides commentary on CNBC and MSNBC.  A successful money manager, Karabell is the Head of Global Strategy at Envestnet, and the President or River Twice Research and River Twice Capital.

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