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A $445 billion fund manager explains what everyone gets wrong about the economy

Jim McCaughan, CEO of Principal Global Investors, a fund manager with $445 billion in assets, describes improper measures of the US economy.

Jim McCaughan, CEO of Principal Global Investors, a fund manager with $445 billion in assets, spoke to Business Insider's Sara Silverstein about what he sees as improper measures of the US economy. Following is a transcript of the video.

Sara Silverstein:

Jim McCaughan:

Silverstein:

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McCaughan:

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