Looking ahead … Banking on uncertainty

U.S. economic growth accelerated after a sluggish start to the year, while unemployment has fallen to the lowest point in almost 17 years and the stock market has been climbing to record highs.

But some economists worry about how long the good times can last.

Here’s an outlook from Diane Swonk, CEO of DS Economics in Chicago and past president of the National Association for Business Economics.

How is the economy shaping up for next year?

Next year looks like it will be a little north of 2 percent GDP growth, not quite as strong as this year.

Does your forecast reflect any impact from Trump’s proposed tax cuts?

The tax cuts will add quite a bit to overall debt in the U.S. economy, and that will mean higher interest rates down the road, something the markets won’t like.

What should investors do in this period of uncertainty?

We are starting to get to that point where my hairdresser and the waiter are telling me to buy things in the stock market. I haven’t heard that kind of euphoria since the latter part of the 1990s in the tech bubble. That is when you start worrying that maybe it is time to book the profits you have. My own philosophy is never get too greedy.