You’ve heard President Truman’s famous quip that he wanted a one-handed economist after getting so many briefings on the econonmy that started with “On the one hand”… and then went into “on the other hand”.
Jim Paulson, the chief investment officer at Wells Capital Management, (managing almost $220 billion in assets) took a look into the recent dismal employment report and came up with his own version of the two-handed economist. He had some fun with the idea, and came up with an intriguing final message or conclusion. I’m not sure if I buy into his conclusion, but his analysis is well worth reading. Download file
Enjoy. (And hopefully you can read the file. I’m still learning how to use this software. Let me know if you have any problems. Thanks.)
Stories You Might Like
We’re here to help you navigate this changed world and economy.
Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.
In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.
