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Midyear Report of the Fourth District Economists' Roundtable


Looking into the future is a perilous duty, and it is wise to be humble about our abilities lest we give the impression we know more than we do. The difficulties in accurately assessing the economy's future, if not its current state, stem from our inability to grasp the broad scope of business activity and to anticipate the seemingly random patterns that aggregate measures of the economy frequently follow.

Looking into the future is a perilous duty, and it is wise to be humble about our abilities lest we give the impression we know more than we do. The difficulties in accurately assessing the economy's future, if not its current state, stem from our inability to grasp the broad scope of business activity and to anticipate the seemingly random patterns that aggregate measures of the economy frequently follow.


Suggested citation: Bryan, Michael F., and John B. Martin, 1994. "Midyear Report of the Fourth District Economists' Roundtable," Federal Reserve Bank of Cleveland, Economic Commentary, 08.01.1994.

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