Are you getting the best rate from your broker?
Compare your broker's rates now to find out if you can save money

Choose your broker below
Welcome to Dividend.com. Please help us personalize your experience.

Select the one that best describes you
Dividend logo

If the recent election demonstrated anything, it’s that there is wisdom in not putting too much faith in poll numbers or statistics.

I feel the same way about our major economic indicators. Not that I’m suggesting we ignore the gross domestic product or employment numbers – we just shouldn’t obsess over them or believe they give us a full picture.

Let’s remember how and why the modern concept of GDP was created in the first place.

GDP: A Depression Baby

While the concept of measuring an economy’s total output has been around for a long time, attempts by Presidents Hoover and Roosevelt to fight the Great Depression ran into trouble because there was little data available to measure how bad things had gotten or whether any of the turnaround attempts were working. In 1934, Congress commissioned Nobel Prize-winner Simon Kuznets, an economist with the National Bureau of Economic Research, to develop a system to measure the nation’s income.

To read the Full Story, Go Premium or Log In

Popular Articles

Dividend Investing Ideas Center

Dividend History of the Consumer Staples Sector

Consumer staples have long been regarded as an essential component of any well diversified...

Premium Volatile%20markets
News

Are We Slipping Into the Abyss? The Markets Think So

Investors are certainly facing an interesting paradox these days.

Economic conditions are some of...

News

How the Emerging Market Rout Is Impacting Dividend Investors

Emerging markets have moved sharply lower since the beginning of the year.

For instance, the ...