John Makin, "US interest rates head for 8%," Sunday Times (London), December 12, 1999
But sustaining a steady growth rate of 2 to 2.5 percent requires just the right level of domestic consumption and overseas demand for American exports. Stephen S. Roach, senior economist at Morgan Stanley & Company, thinks they can be balanced for a while, giving the economy ''solid momentum continuing into next year.''
But the consensus view of most economists is that a Goldilocks economy cannot survive beyond 1990.
Louis Uchitelle, "Manaing risks," The New York Times, November 13, 1988