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Never make a prediction on something that's cut and dry or in the short-term is pretty good advice. There is always the chance you could be proven wrong. Looks like the TD economist lives by that maxim given the most recent prognostication from Eric Lascelles in a research study reported by the G&M (Growth rate predicted to slow by decade end).
First of all, there's been consistent growth for a while and "a tree doesn't grow up to the sky" so it's a safe bet that eventually the economy will slow. Second, by decade end factors will have changed suitably so that if growth persists at a high rate, there's a good out. FWIW
Posted by Grayson at July 15, 2004 07:50 AM