How to Invest in These Very Confusing Times

There’s no perfect way to tackle this problem, but there are broad choices for investors to make

For investors, the danger isn’t so much day-to-day volatility but the danger of extreme outcomes in the longer run.Photo: justin lane/Shutterstock

Economists have rarely been so divided about the future aside from during recession, and sensible investors shouldn’t have much confidence in their own forecasts, either. It’s a hard time to put money to work.

There are always good reasons for being uncertain about the future, but right now the uncertainty is worse because directly opposite outcomes—“no landing” with superlow unemployment forever or a hard landing and recession—are both plausible.

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