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My Two Cents

On The One Hand… And On The Other…

Chris Farrell Feb 4, 2008

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.)

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