SEVERAL READERS have complained of late that my reviews of the American economy, its current state, and its outlook, have been too inconclusive for their tastes. Too much thesis and antithesis, and not enough synthesis, one reader said.
I can only plead, by way of extenuation, that (1) I try to present enough information so that the reader can reach his own conclusion; (2) there are plenty of analysts who know, with a high degree of certainty, just what next quarter’s growth rate will be or where the dollar and share prices are headed, making it unnecessary for me to add to their number; and (3) a close reading will reveal that there are some things of which I am indeed quite certain, and quite clear.
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