A Look Back, A Look Ahead

If "surprise is the greatest gift that life can grant us," as Boris Pasternak said, then most Americans led a very rich life in 2000. Of course, nothing signifies this more than the incredible Presidential election with its unsettling twists and turns. But the economy was also full of surprises. No one could have foreseen events at the beginning of 2000 as they unfolded. As economic forecasters peer into 2001, it might be wise to remember that in times of fast technological and social change, uncertainty becomes the norm and the outcome almost always is a surprise.

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