Economy

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US, State and Local Government Retirement Funds, 2016

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Federal Outlays, Interest as % GDP Since 1940

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Commodity Prices vs Recessions Since 1971

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Consumer Expectations Since 1970

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ISM Manufacturing and Services PMI Since 1995

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The Conference Board Leading Economic Indicator Since 1987

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Historical economic contractions during war or crisis (% in GDP)

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Cumulative US GDP Growth for Each Expansion and Recession Since 1950

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Active Bond Management Has Worked Well Across a Range of Categories

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Triple Digits

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