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To understand the economy, follow the money


December 7, 2010
By Alex Carrick | Chief Economist | CanaData

Dec. 7, 2010 – The movie Jerry Maguire, starring Tom Cruise, Cuba
Gooding Jr. and Renee Zellweger, popularized the saying, “Show me the
money.” To understand the economy, the maxim needs to be modified only
slightly to “follow the money.”

Dec. 7, 2010 – The movie Jerry Maguire, starring Tom Cruise, Cuba Gooding Jr. and Renee Zellweger, popularized the saying, “Show me the money.” To understand the economy, the maxim needs to be modified only slightly to “follow the money.”

Money moves back and forth between five asset classes: stock, bonds, real estate, currencies and commodities. (By the way, commodities include such esoteric items as fine art and cars.)

The latter are even traded on specialized exchanges. One need only think of Sotheby’s and Christie’s for fine art and Barrett-Jackson for vintage automobiles. | READ MORE

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