Goldman Sachs Cuts Q4 GDP Estimate to 1.5%

[Mad Scientist]

Down from 1.9 to 1.5. This is all part of the "Recovery" right?

Goldman's Post-Mortem: "Congratulations Mr. President, We Are Cutting Q4 GDP To 1.5%" | ZeroHedge

Congratulations on the four more years, Mr. President. To celebrate, Goldman starts by cutting the Q4 GDP forecast from 1.9% to 1.5% (and let's not forget that the same Goldman is predicting a 15% drop in the S&P in the next two months to get the Fiscal Cliff deadlock to break).

 

[LordBrownTrout]

It sure is MS and quantitative easing infinity.

 

[Trajan]

Down from 1.9 to 1.5. This is all part of the "Recovery" right?

Goldman's Post-Mortem: "Congratulations Mr. President, We Are Cutting Q4 GDP To 1.5%" | ZeroHedge

Congratulations on the four more years, Mr. President. To celebrate, Goldman starts by cutting the Q4 GDP forecast from 1.9% to 1.5% (and let's not forget that the same Goldman is predicting a 15% drop in the S&P in the next two months to get the Fiscal Cliff deadlock to break).

right now, all eyes in that sector are on the bush tax structure...fiscal cliff looming , another downgrade yada yada...


wait till fannie and Freddie come back for another $50-80 billion, thats baked into the cake too, soon, plus all of those sectors that obama told he would give a pass if they didn't send out those layoffs notices? Its a coming.

 

[AquaAthena]

Down from 1.9 to 1.5. This is all part of the "Recovery" right?

Goldman's Post-Mortem: "Congratulations Mr. President, We Are Cutting Q4 GDP To 1.5%" | ZeroHedge

Congratulations on the four more years, Mr. President. To celebrate, Goldman starts by cutting the Q4 GDP forecast from 1.9% to 1.5% (and let's not forget that the same Goldman is predicting a 15% drop in the S&P in the next two months to get the Fiscal Cliff deadlock to break).

right now, all eyes in that sector are on the bush tax structure...fiscal cliff looming , another downgrade yada yada...


wait till fannie and Freddie come back for another $50-80 billion, thats baked into the cake too, soon, plus all of those sectors that obama told he would give a pass if they didn't send out those layoffs notices? Its a coming.

Yes, Obama is a thug, though not-so-common. He has his huge herd of sheep that depend upon him for free stuff. A well-designed plan for reelection.

None of this is news though.

Last night just proved it and one good thing came out of it. We still have gridlock.