interestrateripoff Posted October 7, 2010 Share Posted October 7, 2010 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 monthsGloomy 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? Quote Link to comment Share on other sites More sharing options...
fluffy666 Posted October 7, 2010 Share Posted October 7, 2010 http://www.guardian.co.uk/business/2010/oct/06/goldman-sachs-fairly-bad-very-bad If only the US govt had given more taxpayer money to the banks perhaps we'd have had a proper recovery? Vampire Squid Declares: 'This One Empty, Need More Blood' Quote Link to comment Share on other sites More sharing options...
azogar Posted October 7, 2010 Share Posted October 7, 2010 "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 Quote Link to comment Share on other sites More sharing options...
darwin Posted October 7, 2010 Share Posted October 7, 2010 ["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! Quote Link to comment Share on other sites More sharing options...
Bloo Loo Posted October 7, 2010 Share Posted October 7, 2010 '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. Quote Link to comment Share on other sites More sharing options...
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