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:
Recession = lower prices = buy low, sell high = count your losses and get ready for the second wind on this roller coaster.
thanks for the comment "Skeeter" I just hope the bottom is soon.
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