5 Quotes by Jeffrey Applegate

Our 1999 (U.S.) GDP forecast was cut to 0.7 percent from 1.8 percent,

That does not make us, or our clients, very happy.

Fiscal policy is still too tight for current circumstances.

The risk to this new forecast is down, not up.

If our outlook is correct, very rich valuations for the best tech stocks will persist, ... Maybe for years.