Wednesday, January 9, 2008

Recession Update

Goldman Sachs must be reading this blog, because today they announced that they expect the US economy to drop into a recession this year. GS also predicted the Federal Reserve will drop interest rates to 2.5% by the third quarter and unemployment will rise to 6.5% in 2009.

Glad to see such an optimistic outlook from Goldman.

Merrill Lynch also reported this past Monday that they believe we are headed for a recession.

2 comments:

Skeeter said...

Recession = lower prices = buy low, sell high = count your losses and get ready for the second wind on this roller coaster.

Brett said...

thanks for the comment "Skeeter" I just hope the bottom is soon.