Summary
Forecasting is a risky business at best, especially in a world where terrorism is unfortunately common.
While there are too many uncertainties to predict the distant future, it is possible to make reasonably sound judgment calls about near-future events based on analyzing shorter-term trends. With that, here are my predictions for 2004.See the full content of this document
Extract
Expectations . . . And Notations
The economy: I expect the U.S. economy to surprise all the experts and turn in a much stronger performance than the current consensus forecasts. I see 5.5 to 6 percent growth for the year, propelled by the tax cuts, declining oil prices,...
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