Wells Capital Management’s Jim Paulsen says the wide swath of opinions on the economy has created an unusual situation for investors. Usually, Paulsen says, at this point in a recovery investors are debating whether the economy will grow at 3% per year, or a bit less. Today, he says, the debate is whether it grows at 3%, or whether we enter a depression. Paulsen says that wide range of views could make interest rates and stock prices “extremely volatile” for the next year or so.

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