Goldman Sachs economic outlook

[Lowdown3]

http://www.bloomberg.com/news/2010-10-06/oldman-sachs-says-u-s-economy-to-be-fairly-bad-recession-is-possible.html

Goldman Sachs Says U.S. Economy May Be `Fairly Bad'
By Wes Goodman - Oct 6, 2010 12:46 AM ET

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Goldman Sachs Says U.S. Economy May Be 'Fairly Bad'

Goldman Sachs Group's Chief U.S. Economist Jan Hatzius speaking in New York. Photographer: Jonathan Fickies/Bloomberg
IMF's Vinals on Central Banks' Policies, Oct. 6

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Oct. 6 (Bloomberg) -- Jose Vinals, director of the International Monetary Fund's monetary and capital markets department, talks about Federal Reserve monetary policy and the U.S. economy. Vinals also discusses the outlook for the global economy and financial markets, and Bank of Japan and European Central Bank monetary policies. He speaks with Susan Li on Bloomberg Television's "First Up." (Source: Bloomberg)
Federated Investors' Tice Interview on Global Markets

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Oct. 5 (Bloomberg) -- David Tice, chief portfolio strategist for bear markets at Federated Investors Inc, talks about the outlook for the U.S. economy and stock market. Tice also discusses his investment strategy which favors gold and silver. He speaks from Dallas, Texas, with Susan Li on Bloomberg Television's "First Up." (Source: Bloomberg)

Goldman Sachs Group Inc. said the U.S. economy is likely to be

[KirkMcquest]

I believe the new unemployment numbers will be coming in this week so we will have another piece of bad news to add to that list.

[Patriotic Sheepdog]

http://www.bloomberg.com/news/2010-1...-possible.html

1. Goldman Sachs Group Inc. said the U.S. economy is likely to be “fairly bad” or “very bad” over the next six to nine months.

2. the middle of next year and the unemployment rate rises moderately to 10 percent

3. Hatzius’ note reiterated comments he made yesterday at a forum in Washington, when he placed the odds of a renewed recession at 25 percent to 30 percent.

4. Another $1 trillion of asset purchases by the Fed would probably lower long-term interest rates by about 0.25 percentage point, adding a “few tenths of additional GDP growth,” he said yesterday.

These four quotes are concerning.
1. I think 6-9 months is being overly optimistic (it is mid-term election year).
2. We probably will see the .gov unemployment rate at or over 10% tomorrow (Friday). The real unemployment rate is already around 16% per shadowstats.com http://www.shadowstats.com/alternate...loyment-charts
3. Have we really left a recession? I'm thinking we won't have a "renewed recession" as we haven't left it yet.
4. Another $1 Trillon for a few tenths of GDP increase. I don't think that is a good trade as it will put us under.

Lowdown, you are right...they will put as much spin as Randy Johnson had on his slider. Anything to make the sheeple believe that everything is getting better. MSM hypnosis!