Thursday, January 1, 2015

John T. Harvey — Business Cycles 101, And My Forecast For The New Year

Let me start by saying that regardless of the accuracy of what I write below, unexpected events will occur during the year that will invalidate at least some part of the forecast. I would therefore like to lay out the specific assumptions underlying the predictions so that it’s possible for the reader to later make their own adjustments. After this I will offer my view on what 2015 holds.…
The old cet. par. hedge. :) "Assessment of prospects" might be a more apt phrase than "forecast."

Forbes
Business Cycles 101, And My Forecast For The New Year
John T. Harvey | Professor of Economics, Texas Christian University

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