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Mr. Paulsen says that the recent weakness in the prices of consumer stocks may be forecasting a decline in consumption itself in coming months.
Some may be forecasting the imminent death of print and broadcast media, but they aren't disappearing anytime soon.
Dr. Modigliani argues that it is impossible for the economy to grow as fast as the market seems to be forecasting, even if some companies will do very well.
Similar(57)
The first is forecasting.
"They're forecasting -30C.
The government is forecasting 3.1 percent growth this year.
Remodelers are forecasting a positive outlook.
"The Institute of Fiscal Studies is forecasting a £25bn slowdown.
Analysts had been forecasting a small decline.
Wall Street had been forecasting 5.2percentt.
They were forecasting a 1percentt rise.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com