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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: ajtj99 who wrote (71271)11/16/2007 3:53:34 PM
From: mishedlo  Respond to of 116555
 
Goldman Sees "Substantial Recession" Risk
globaleconomicanalysis.blogspot.com
Goldman Sachs sees a $2 trillion cut in bank lending that could trigger a "Substantial Recession". The Fed's Kroszner says growth will return. If anything, Goldman has understated what will happen because risk aversion feeds on itself. The risks are not balanced, not even close. Who is the Fed fooling here? The only possible answer is themselves.
Mish