State of the Economy: Tug of WarDecember 30, 2011 Posted by: Joe Morgan, CFA
When the going gets tough, people sometimes revert to playground antics with today's choice seems to be "tug of war." This traditional game pits two sides pulling on a line with the objective being to gain enough of the line so that it cannot be brought back from the other. The members of the losing team typically end up flat on their faces, while the winning team celebrates a hard-fought victory.
Unfortunately, many issues facing the marketplace today are taking shape in this form. Tugs of war are occurring all around us and the resulting uncertainty is driving investor and consumer behavior.
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