Jeffrey Applegate
Jeffrey Applegate
forecast risk
The risk to this new forecast is down, not up.
circumstance current fiscal policy tight
Fiscal policy is still too tight for current circumstances.
cut forecast percent
Our 1999 (U.S.) GDP forecast was cut to 0.7 percent from 1.8 percent,
That does not make us, or our clients, very happy.
best maybe outlook rich stocks tech
If our outlook is correct, very rich valuations for the best tech stocks will persist, ... Maybe for years.