The Leuthold Group’s Jim Paulsen expects the economic downturn from the coronavirus pandemic to reach epic proportions.
But he believes it’s not another Great Depression.
“We had the roaring 20s, and during that period people got over their skies,” the firm’s chief investment strategist told CNBC’s “Trading Nation” on Friday. “The depression started in some regards to correct the excesses that built the up over that period, and that has not happened at all today.”
Paulsen, a long time bull, contends the economy was firing on all cylinders as the coronavirus started spreading in the United States.
“This recession, the