Author: Tyler Durden |
Title: Goldman Lowers 2011 GDP Forecast Once again Goldman confirms that shooting forthe moon,when it comes to an artificial, self-sustainable "virtuous growth" cycle in a centally planned economy is an exercise in futility.
As long expected, the gradual roll down in growth forecasts begins, and all of Wall Street's lemmings will rush next week to undercut each other, all the while blaming cold weather, hot weather, and any weather for not being able to see this. Fore one previous example (and there are dozens) of Zero Hedge indicating Goldman's overoptimistic forecast read here.'>|
Author: Tyler Durden | Title: Goldman Lowers 2011 GDP Forecast Once again Goldman confirms that shooting forthe moon,when it comes to an artificial, self-sustainable "virtuous growth" cycle in a centally planned economy is an exercise in futility.
As long expected, the gradual roll down in growth forecasts begins, and all of Wall Street's lemmings will rush next week to undercut each other, all the while blaming cold weather, hot weather, and any weather for not being able to see this. Fore one previous example (and there are dozens) of Zero Hedge indicating Goldman's overoptimistic forecast read here.</a>
