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Bill McNabb: Uncertainty Is the Enemy of Recovery


At Vanguard, we estimate that policy uncertainty has created a $261 billion drag on the U.S. economy. Anyone hoping for signs of a healthy economic recovery was disappointed by lower-than-expected GDP growth for the first quarter of 2013—a mere 2.5%, far short of the forecast 3.2%. Meanwhile, the stock market continues to soar, hitting

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Posted: April 28, 2013 Sunday 05:47 PM