They note:
If
one were to avoid the straight-line projections, political biases and
single factors that so often distort forecasts, what would a 2018
forecast look like? Not like the consensus, which is euphoric over the
current combo of high growth and low inflation. Usually staid Wall
Street economists are giving their 2018 forecasts headlines like “Boom
Shaka-laka-laka” and “As Good as It Gets.” Inspired by a cocksure
consensus, investors are holding less money in cash than they ever have
before — meaning they are all-in on risky investments. Confidence
this solid is a warning sign of complacency. For one, gross domestic
product growth is at the top end of the range that has prevailed over
the past decade, so it is more likely to slip than accelerate. That
should be sobering for every major power, including Trump’s America. But
please, it’s not all about him. For better or worse, Mr. Trump had less
impact on the global economy than most experts expected in 2017. The
lesson — the inevitable rarely happens, the unexpected often does —
applies as well to forecasting 2018.
What can we say about 2018? I think, and most likely I am wrong as well:
1. Russia will be unpredictable.
2. China will be upset
3. North Korea will be a threat
4. Iran will be unstable
5. The Stock Market will go up or down
6. The Press, especially the NY Times, will continue to attack Trump
7. Twitter will survive as a Government sponsored network like NPR
8. Government employees will continue to get overpaid and will be under-worked
9. Taxes will increase, yes increase
10. New Jersey will go Bankrupt with its pension fund
Otherwise Mrs. Lincoln what did you think of the play? Happy New Year.
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