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re: Goldman Sachs believes the US economy will slow to a crawl next year
Posted on 11/20/18 at 7:19 am to 90proofprofessional
Posted on 11/20/18 at 7:19 am to 90proofprofessional
quote:
do you allege that those 2019 forecast numbers were created with intend to defraud as well? how far off would you say their numbers for next year are?
I would “allege” that this firm has been wrong about pretty much every prediction of a Trump economy and was a major player in the housing crisis.
It wasn’t to defraud, like they are guilty of in the past, but they are and have been sketchy at every turn. Also, they were bailed out to continue doing so.
Their first two quarters may not be too far off, their 3rd and 4th quarter rates will be low. Unless... unless the house begins a full fledged “resist” movement and basically drag down the economy.
Posted on 11/20/18 at 8:12 am to CleverUserName
quote:
I would “allege” that this firm has been wrong about pretty much every prediction of a Trump economy
well let's see some examples of all these egregiously bad projections, and relative to some good ones. this allegation ought to be pretty easy to substantiate.
quote:
they are and have been sketchy at every turn
goldman sachs is a big beast. how has their unit that forecasts us gdp been "sketchy"?
quote:
unless the house begins a full fledged “resist” movement and basically drag down the economy
let's lay down some benchmarks, since everyone is making this excuse all the time now. what would gdp have been if the republicans had kept the house? what exactly is the house gonna do to slow down gdp growth- force trump to reinstate obama's Clean Power Plan or something? make him revisit his nafta 1.1 change that slightly tightens rules-of-origin requirements for automaking?
This post was edited on 11/20/18 at 8:14 am
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