GS timely recession announcement - AFTER the bill passed

[ForrestLayne]

http://www.foxbusiness.com/story/severe-recession-forecast-goldman-sachs/

2 hours ago - 8 p.m. edt

GS now predicts a deeper recession than was first thought.

I thought the bail out was going to fix all this........


Yeah right.

[RSLudlum]

how convenient that they get the numbers straight right after the bailout :rolleyes:

[RSLudlum]

WASHINGTON -- The U.S. recession will be "significantly deeper" than they previously thought, Goldman Sachs economists predicted Friday in a research note. The economy will probably show no growth at all between the middle of 2008 and the middle of 2009, with gross domestic product falling 2% this quarter and 1% next, they said. Two other quarters will show 0% GDP growth. The unemployment rate will likely rise to 8% by the end of next year from 6.1% currrently. "We now also see at least another 100 basis points of monetary easing from the Federal Reserve, aggressive measures to stabilize the money markets, and a possible further easing of fiscal policy under a new administration," wrote Jan Hatzius and his team of economists.


'deep recession' news is all over the net right now, and the bailout was to aleiveate international markets at the expense of the US?

congress is a joke, and we're their punching bag! :mad:

[crackyflipside]

http://www.foxbusiness.com/story/severe-recession-forecast-goldman-sachs/

2 hours ago - 8 p.m. edt

GS now predicts a deeper recession than was first thought.

I thought the bail out was going to fix all this........


Yeah right.

"In other news, Paulson has bought a solid gold yacht and plans to take all his Goldman-Sachs buddies on vacation to Cozumel."