March 7 (Bloomberg) -- The Dow Jones Industrial Average set
a record this week, but it’s still far from the mark that
economist Kevin Hassett and I forecast in our 1999 book, “Dow
36,000.”
We wrote in the introduction that “it is impossible to
predict how long it will take” to get to 36,000. Then, in the
same paragraph, we rashly made a guess anyway: “between three
and five years.”
