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If Only There Were a Nominal GDP Futures Market...

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YEAH! IF ONLY!
This piece from the Macro Market Musings blog isn't really about GDP futures. Rather, it's the author's conclusion that deflation concerns are misplaced, which GDP futures speculation would quite possibly reveal... were there such a thing:

"[S]harp productivity gains which should account for the deflationary pressures. For me, this data clearly says the deflation concerns arising from the April CPI report are misplaced....Too bad we don't have a nominal GDP futures market to shed light on these developments.

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