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Audio: Measuring the Economy, and Are Banks Fragile by Design?


The accuracy of Gross Domestic Product (GDP) and why some banks seem doomed to fail.
3/18/2014, 3:55 PM

A7 Radio's "Goldstein on Gelt" with Douglas Goldstein
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On the first part of this week’s Goldstein on Gelt Show, Diane Coyle, professor of economics at Manchester University and author of GDP: A Brief But Affectionate History and The Economics of Enough, talks about measuring economic progress. What is the GDP (gross domestic product), and is it really an accurate benchmark for understanding economic performance? Find out on your favorite personal finance show.

In the second part of the show, Charles Calomiris, professor at Columbia University and co-author of Fragile by Design, explains why some countries have established stable banking systems while others often suffer banking crises. Is this due to differences in design or are there other factors involved? Tune into this week’s show to find out.

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Douglas Goldstein, CFP(r) is the director of Profile Investment Services, Ltd. www.profile-financial.com an international investment company. He specializes in helping olim manage their U.S. brokerage accounts from Israel. He is a licensed financial professional both in the U.S. and Israel. Securities offered through Portfolio Resources Group, Inc., Member FINRA, SIPC, MSRB, SIFMA, FSI. Accounts held at Pershing LLC., Member NYSE/SIPC, a subsidiary of The Bank of New York Mellon Corporation. Doug has written several books on financial planning and investing. His latest book, Rich As A King www.RichAsAKing.com, teaches how using chess strategies can make you a grandmaster of investing is available on Amazon. The Goldstein on Gelt podcast airs every Monday from 7:00 p.m. - 8:00 p.m. on Israel National Radio. For more info visit www.goldsteinongelt.com
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