Baker Market Update: Dec. 11, 2017


“An elephant is very much like a snake” said the blind man who felt the animal’s trunk. “No, an elephant is like a stout tree” said his blind friend who touched one of the beast’s legs. A third sightless companion who came across the tusks remarked that neither was correct; “An elephant is like a spear!” First of all, this well-known parable fails to inform listeners that interacting with elephants is dangerous and should probably be avoided. And secondly, the experience of the intrepid blind travelers may provide an analogy for how our economy is perceived.

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