Forecasting a central state of affairs for the U.S. economic system in 2026 seems to be an easy train. However the chance that this baseline forecast would materialize most likely doesn’t exceed 50%: the "regular" bell distribution has been changed by one with unusually "fats tails": the chance of extra excessive outcomes, each virtuous and harsh, is important and equally doable. The U.S. economic system isn’t a lot on a single trajectory as it’s locked in a tense tug-of-war between three distinct futures: a "Goldilocks-lite" central baseline, a productivity-fueled upside state of affairs, and a…
Saturday, December 27
