Jason Smith — I'll say similar things for half the salary

Jan Hatzius made some macro projections about wages, unemployment, and inflation:

Goldman’s Jan Hatzius wrote Sunday that unemployment should continue to decline to 3% by early 2020, noting the labor market also has room to accommodate more wage growth. Hatzius predicted that average hourly earnings would likely grow in the 3.25% to 3.50% range over the next year. ... For now, Goldman has a baseline forecast of 2.3% for core PCE ...

Well, these are all roughly consistent with Dynamic Information Equilibrium Model (DIEM) forecasts from almost two years ago….

Information Transfer Economics
I'll say similar things for half the salaryJason Smith

See also

Sectoral balance chart.

Business Insider
Goldman's Top Economist Explains The World's Most Important Chart, And His Big Call For The US Economy

Joe Weisenthal