Quote #263,793
"It is indeed true that the stock market can forecast the business cycle." — Paul Samuelson
It is indeed true that the stock market can forecast the business cycle.
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View AllActually, in my advanced, high-falutin' frontier economics, I often work with what I define as 'money metric utility,' and I ask people, 'Do you really want that? What are you willing to pay for that?'— Paul Samuelson