WHY INVESTORS SHOULD IGNORE GDP

The great Canadian economist and Desautels Faculty of Management Professor Reuven Brenner has likened macroeconomic calculations to dangerous mythmaking that sustains "the illusion that prosperity is necessarily linked with territory, national units, and government spending in general." Truer words have rarely been written, particularly when we consider how very much our economic health is related to productivity outside our borders.

RealClearMarkets, July 30, 2009