Goldman Forecasts A Recession


“The latest data suggest recession has now arrived, or will very shortly.”

Jan Hatzius, Chief Economist, Goldman Sachs

I made fun of Goldman about 6 weeks ago for upping their recession probability forecast in 2008 from 30% to 40-45%.

Today they stepped up and called for an outright recession.

Markets no likey (Dow -26, S&P -4, Nasdaq -12).

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