Sure.
Think of it as the economy always walking downhill while Goldman Sachs is always walking uphill.
Like this:
I don’t understand. Real earnings for individuals are down. Inflation is on the rise. Interest on loans is going to go up. Taxes are going up for several reasons including Obamacare. We are going into debt at the rate of $4.8 billion per day with no let up in sight. And, GS is predicting a good coming year? Someone please explain this to me.
We are going into debt at the rate of $4.8 billion per day with no let up in sight. And, GS is predicting a good coming year? Someone please explain this to me.
________________________
I assume they mean it will be a good year for Goldman Sachs and their ilk.
This is the kind of thinking at GS. They lowered their 4th Qtr 2012 GDP estimate 0.5% due to Sandy, then they raised 1st Qtr 2013 GDP 0.5% because of Sandy - that really makes no sense since capital has to come from somewhere, i.e. the broken window parable.
They fail to note that QE infinity is actually helping Asia more since capital, like people, will only go where wanted.
I’m thinking they’ll funnel our taxes into their accounts with a Bozo-stamped pipeline.
Sure.
Think of it as the economy always walking downhill while Goldman Sachs is always walking uphill.
Like this:
Unless proven otherwise, treat any utterance from GS as if it came directly from the White House.