Saturday, October 04, 2008

More Severe Recession Forecast By Goldman Sachs


From Market Watch:


WASHINGTON (MarketWatch) -- 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% currently.



Reports of the death of America are grossly exaggerated.

You can't stop the progress of ideas, and because we have free speech, we trade in ideas, and because we trade in ideas, we innovate, and because we innovate, there will always be money flowing into America.

Money chases ideas. Ideas do not chase money. Money can not exist without ideas. The only thing that grows money is ideas.


My prediction, in 2-3 years from now America will be fine.

No comments: