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Prospects For Us Economy Either 'fairly Bad' Or 'very Bad', Warns Giant Squid

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http://www.guardian.co.uk/business/2010/oct/06/goldman-sachs-fairly-bad-very-bad

Goldman Sachs's chief US economist outlines alternative, but bleak, scenarios for American growth and jobs over the next nine months

Gloomy predictions for the US economy hardened today when Wall Street bank Goldman Sachs said the economy was likely to be "fairly bad" or "very bad" over the next six to nine months.

Jan Hatzius, chief US economist at the bank, described two scenarios in a letter to investors: "a fairly bad one in which the economy grows at a 1.5% to 2% rate through the middle of next year and the unemployment rate rises moderately to 10%, and a very bad one in which the economy returns to an outright recession."

Hatzius's view gives more weight to calls from regional Federal Reserve chiefs in New York, Boston and Chicago last week for the Fed to introduce new stimulus measures at its next meeting on 2 November.

Today, a private sector payroll report indicated that the US has begun shedding jobs after several months of growth. The figures come days ahead of the monthly department of labour report that is expected to show US unemployment rose to 9.7% in September.

If only the US govt had given more taxpayer money to the banks perhaps we'd have had a proper recovery?

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"Prospects For Us Economy Either 'fairly Bad' Or 'very Bad', Warns Giant Squid"

Interpretation: we've pi$$ed the 2008 bailout money up the wall and need another lot please serfs

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["Prospects For Us Economy Either 'fairly Bad' Or 'very Bad', Warns Giant Squid"

'Fairly bad'. Or 'very bad', warns Giant Squid.

Hmm, maybe it's time to let the professionals take over. Get Paul The Psychic Octopus on the line!

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'Fairly bad'. Or 'very bad', warns Giant Squid.

Hmm, maybe it's time to let the professionals take over. Get Paul The Psychic Octopus on the line!

but they would cut his tents off before the predictions were out.

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  • 140 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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