It seems we are living in a world of dizzying cacophony: daily Trump tweets, divisive political rhetoric, shifting statements from the Federal Reserve, “fake” news, an aggressive media. This dissonance can eclipse real economic signals.
In his excellent book, The Signal and the Noise, Nate Silver describes the difficulty in discerning authentic conditions because reality can be obscured by noise in economic and political data.
This issue of Viewpoint will mute the outside noise, focus on current economic conditions and provide a forecast of key economic indicators for 2019.
Thomas Goho, Ph.D. is formerly the Chief Economic Consultant for Stephens Inc. He also served as the Co-Director of Stephens University at Wake Forest University.