Skip to comments.GOLDMAN: The Economy Is Slowing, And This Weeks Jobs Report Will Be Worse Than What People Expect
Posted on 04/30/2012 6:32:50 AM PDT by SeekAndFind
Goldman Sachs is out with a depressing way to start the week: Bearish commentary on the state of the economy and a negative call on this Friday's big jobs report.
There are two key points:
The first is that Goldman's own proprietary economic indicator shows a clearly decelerating US economy.
Ths economic deceleration you can see here.
Then Hatzius says that this Friday's jobs report will be weaker than the 165K new new jobs created that analysts expected. Hatzius sees just 125K.
Basically because we still have a lot of winter payback.
Most of the job surge over the last few months came in cold states (suggesting that the weather played a huge impact) and we really haven't seen a payback, as evidenced that the dark line hasn't fallen sharply below the light line (for warm states).
(Excerpt) Read more at businessinsider.com ...
Is it still Unexpected if you expect it to be unexpected?
Why? Because Barack Obama is still president.
This is happening all over the world. Check out this economist’s view of global housing deflation.
It is Unexpectedly unexpected that an unexpected result will be unexpected.
Unexpectedly, I unexpectedly unexpected this unexpected article to unexpectedly unexpect unexpected facts unexpectedly. Unexpecting the fervently unexpectations of true unexepectedness, and unexpected cermoniously unexpectations all unexpected unexpectedly, unexpecting before the unexpected public of unexpected unexpectations in an unexpected way.
Drink Now, Drink Then!
—It is Unexpectedly unexpected that an unexpected result will be unexpected.—
I didn’t expect it either.
I’m lying. I did. I expect this to go full on apocalyptic.
We are in a weak recovery, and will be until we get the Marxists in our government rooted out. Even if Republicans sweep the election it will take a while to root out all of the Rats that have burrowed into the system. I hope Romney (if he wins) takes a cue from the corporate takeover world and gives every politically appointed position a pink slip and starts over. A pledge of “no more czars” would help to.
Hey, a guy can dream, can’t he????
There is no doubt that Obama's policies are hurting our recovery. However, I think we are facing some structural issues that will cause us to have high unemployment for some time to come. Globalization, immigration, and changing demographics affect our job market and the economy. We must deal with those factors sooner rather than later.
I meant to say that
When Clinton arrived in office he wiped out the Federal Prosecutors (am I correct?). When W took office, he left nearly everyone in place. THAT was a HUGH and SERIES mistake of which we as a nation are still paying. Then immediately came the horrid 9/11 attack and things went out of wack as for the Muslim Terrorist threats in this country.
Now it appears that Muslim Brotherhood people are being put in place in all layers of this administration. When oh WHEN will people stop being PC and see the handwriting on the wall that this country is being infiltrated by those who HATE us and want to bring us down? Soros is an extremely evil man and his pockets have no bottoms for money to do just this. Where DID Obama get the money for college? Follow the money, follow the money, as Rush always says.
Weak recovery? We ain’t seen nothing yet. I’ll still bet my remaining 101F investment fund that Soros was behind the huge stock market downturn right in October of 08. Who has details to back me up?
Well THAT was unexpected.
Absolutely. I actually suspect him in the '07 run on the funds that sparked the whole crisis.
Now throw on top of that the “real” GDP is calculated by finding the nominal GDP and subtracting the CPI (inflation) increase. The problem is that the CPI is (intentionally?) understated so the real GDP growth is even smaller that calculated.
Agreed and Senator Schumer lite the fire with his comments on Indymac and Countrywide Financial. http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aAYLeK3YAie4
Does that mean that Goldman will make more or less money?
You can bet your bottom dollar that the Goldman execs have already made their bets based on first hand and advanced info they got from their alumni working in DC.
Not sure if that qualifies as insider trading.
Not a chance, berry will have it FIXED by Friday.
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