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Envestnet’s Karabell: Widely Used Economic Data Are Outdated - They may have had some relevance up until the 1950s, but today, in a world of global markets and “unfettered capital,” a world of unbridled commerce where products are made and sold in so many different places, and where technology changes from day-to-day, Karabell -- who spoke at Envestnet’s 2014 Advisor Summit in Chicago on Wednesday -- believes that the use of traditional indicators to predict future outcomes is totally counterproductive, particularly at the individual level.

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