Tag Archives: Real wages and stock price multiples

At the end of World War II, lore has it that Harry Truman’s economists facing a wide range of possible economic outcomes advised him that “on one hand this, and on the other hand that”. Truman eventually had enough of the uncertainty and asked for a “one-armed economist”. Much is the same today with mega forces pushing and pulling the economy. The net balance will determine whether it is to be a No Mo or Might Mo economy. Continue reading →