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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Jeff Jordan who wrote (408972)	8/6/2010 12:40:22 PM
From: Lucretius	Respond to of 436258

LMAO...

To: Jeff Jordan who wrote (408972)	8/6/2010 4:23:12 PM
From: Trumptown	Read Replies (2) \| Respond to of 436258

these guys kill me...they assume every rule is written is stone? Message 26737743

To: Jeff Jordan who wrote (408972)	8/8/2010 11:37:24 AM
From: Giordano Bruno	1 Recommendation Respond to of 436258

Summer of Love Update Goldman Sachs: Unemployment is Going Back to 10% After this morning’s lackluster jobs numbers, Goldman Sachs’ economics crew cut its forecasts for 2011 U.S. GDP and took a bit of a victory lap for their slow growth call. In a note out about 11:40 a.m., Goldman writes: Over the past two to three months, the U.S. economic recovery has lost a considerable amount of its momentum. As a result, our forecast of a significant slowing in US growth in the second half of 2010—widely regarded as implausible just three months ago—is now increasingly accepted as the baseline. Goldman continues to expected real GDP growth to arrive at an average annual rate of 1.5% in the second half of 2010. However, Goldman econowonks cut their views on how fast U.S. output would gain speed in 2011 “largely due to heightened congressional resistance to extending various measures of fiscal stimulus.” Previously Goldman saw 2011 growth rising from 2.5% in the first quarter to 3.5% in the second half of 2011. Now the firm pegs growth at 1.5% in the first quarter to 3% in the fourth quarter. On an average annual basis Goldman’s view of 2011 GDP growth drops to 1.9% from 2.4%. “As a result of this downgrade, we now expect the jobless rate to rise to 10% by early 2011 and remain there for the rest of the year,” Goldman wrote. blogs.wsj.com