Driving Force: Mean Reversion
Jan 14, 2008
/
By William F. Nicklin
A reversion to the mean is now in progress. Corporate profits as a share of GDP are the highest in history, while the share of GDP claimed by labor is at a 20-year low. This has to be resolved in the economy and by the financial markets. When prospects and clients hear our take on this, it builds credibility and trust, and adds to our value.