Goldman's Hatzius Predicts Rough Economic Times Ahead

[mahatmakanejeeves]

Source: The Wall Street Journal.

By Michael S. Derby
Of DOW JONES NEWSWIRES

NEW YORK (Dow Jones)--Goldman Sachs Group's (GS) top economist thinks the outlook for the U.S. economy ranges from "fairly bad" to "very bad," and says policy makers need to act to help engineer a better growth environment.

In the most positive situation, growth will move ahead at an anemic 1.5% to 2% rate with unemployment rising to 10%, with risks the economy could tip back into outright contraction, Goldman's Jan Hatzius said, in a note published by his bank Wednesday. It was a transcript of a question-and-answer the analyst did at an event in Washington held Tuesday.

"There is not much probability of a significantly better outcome" because the benefits of fiscal stimulus are waning, and the economy is benefiting less and less by inventory rebuilding, Hatzius told the event. "Between the two scenarios, the fairly bad one--slow growth, rising unemployment, but no outright recession--has significantly higher probability."

-By Michael S. Derby, Dow Jones Newswires; 212-416-2214; [e-mail]


Read more: http://online.wsj.com/article/BT-CO-20101006-709731.html

[fasttense]

1. GDP grew during the Great Depression too.

It was another 6 years of Depression even after GDP began to grow.

[DJ13]

2. Heres the problem

[DesertDiamond]

7. My thought exactly,

[Democrats_win]

3. Shows the dangers of a financial industry-based economy: they can't do a darn thing to help us.

The American workers are the ones who move this economy but the Republicans gave the banksters all of the TARP money in order to save Godman Sachs. Then the banks are too greedy to make loans to anything other than Fraud Street gambling.

[Doctor_J]

4. Not for him I bet

I thought posts from the Rupert Journal were banned.

[h9socialist]

5. Well, Goldman-Sachs is known for being able to create self-fulfilling prophecy!

Short sellers, we have exciting news!!!!!!

[clarence swinney]

6. Mr President Get Mean

Like me

Attack
Millions are in financial difficulty
No quick fix. Try to calm them
Election Time—Time to attack the Enemy
Nuclear material not pea shooters.
Mean not Nice.

SPEND--”Who doubled spending in 8 years?”(1800 to 3600)
DEFICIT--”Who took a surplus into a 1400B Deficit?”
DEBT--”Who took 5700B and increased to 11,.800B?”
JOBS--”Who took 237.000 net new per month and turned into 31,000 or worst since Hoover?”
DOW--”Who took 11,720B to 10,700B Today” down is not up
BAILOUT—“Who took 700B and made into 8500B of commitments in 2008?”
“Who put Fannie-Freddie into Conservatorship on 9-13-08?”
“Who bought 80% of AIG stock in 2008?”
“Who bought Chrysler stock in 2008?”
WAR--”Who invaded two of poorest and most unarmed nations on earth and could not whip them in 8 years?”
REPUTATION--”Who turned the entire world against America?”
“Who left office the most hated President in our history?”

President Obama is that too much to adsorb?
Perhaps I could suggest you stay home and study.
Your daily trips to lecture a few hundred of your choir does no good. .It is total waste of your valuable time. The only benefit is it is a “Feel Good” exercise for a talented professor and speaker.

Get bang for buck. Press conferences. Oval office speeches. Talk Show visits.
Get all Wall Street personnel out of the White House. The Enemy of Middle Class.
Hire Academia. You are one.

Clarence swinney political historian lifeaholics of america
olduglymean mad mad mad
.