Skip to comments.Goldman: Here's The One Way We Could Have A Double-Dip Recession
Posted on 02/19/2010 2:31:19 PM PST by blam
Goldman: Here's The One Way We Could Have A Double-Dip Recession
Feb. 19, 2010, 4:07 PM
Goldman Sach's Tom Kim spoke about the global economy and the company's positive outlook on cargo-carriers at a recent Journal of Commerce event.
The firm's outlook on the global economy is positive, providing policy-makers don't screw anything up.
"We think [the risk of a double-dip] is largely related to policy and policy is the greatest threat to any recovery."
Kim also talks a lot about his specialty, transportation, during the interview.
He's pretty excited about container shipping:
"The determination from the carriers has been remarkable. they are determined to stem the title losses and actually start to recouping some of the losses from last year - they were great."
Sorry we can't embed it, but here's a link to the video interview.
(Excerpt) Read more at businessinsider.com ...
Look at the Baltic Dry Index.
Then ask why so many oil tankers are “parked” at Sea b/c the price is too low? This is Horse$hit. I know it and so do alot of others.
Because Goldman says so, it must be doo-doo.
How about an audit (complete) of GS?
No one dares to touch them. The world would implode overnight. So be it.
I pay no attention to nor do I read anything from Goldman Sachs. And that disclaimer of “providing policy-makers don’t screw anything up” is utter bunk to the extent that many within Goldman Sach’s are so far up the Government’s arse that they have the Government by the testicles....check how many Goldman Sach’s ex-folks are holding key positions in Jack Squat’s administration, kkthx...no thx.
Uh, I think it's little too late, Bunky.
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