Goldman: "Forecasters Need To Cut GDP Estimates A Lot Further"

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Tue, 08/24/2010 - 08:01 | 539671 russki standart
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What we really need to do is cut Goldman into little pieces, and break up their monopoly, bitchez.

Tue, 08/24/2010 - 08:15 | 539695 DavidC
DavidC's picture

russki standart,
Off track a bit but...

Why did your post require 'bitchez'?

Not only am I getting fed up with the use of the term (as, it appears, are others) but I still don't know what ironic or humorous significance it is supposed to have.

Given the erudition of Tyler et al, as well as many of the site posters, I would have thought its use unnecessary (as well as, in general at least, the use of words such as 'fuck', even though I use it myself when exasperated for example...). That could just be me though.

A previous respondent to my postings about refraining using 'bitchez' described me as being on a 'campaign' - I'm not, I'm just fed up with seeing it.

DavidC

Tue, 08/24/2010 - 08:24 | 539711 Bigger Dickus
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Bitchez, bitchez?

Tue, 08/24/2010 - 08:34 | 539746 snowball777
snowball777's picture

And is it a plural form or some kind of French verb tense?

Vous bitchez.

Nous bitchons.

J'ai bitcher.

Tue, 08/24/2010 - 08:54 | 539798 Bigger Dickus
Bigger Dickus's picture

J'ai bitché.

 

 

Tue, 08/24/2010 - 09:09 | 539845 bonddude
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It's only funny when Tina Fey says it.

Otherwise, not.

Tue, 08/24/2010 - 08:33 | 539742 russki standart
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Dear DavidC,

the use of the word Bitchez is part of the Fight Club motif, the 1999 movie featuring Brad Pitt (Tyler Durden), Helena Bonham Carter (Marla Singer) and Edward Norton.  The ZH motto, On a long enough timeline, the survival rate for everyone drops to Zero¨ was uttered several times by the Narrator, Edward Norton.

Fight Club's violence to serve as a metaphor for the conflict between a generation of young people and the value system of advertising. Even more, it speaks to the alienation that many young males feel towards a system that tries to feminize and domesticate. I highly recommend that you view the film.

The use of the word Bitchez allows some of us to inject a bit of levity into topics that are sometimes very deep, complex and disturbing, and is also a counter to the flaccid verbiage that passes for most financial commentary.

I hope this helps. If you do not like the word, please ignore it.

Tue, 08/24/2010 - 09:03 | 539831 Sam Malone
Sam Malone's picture

I remember when ZH comments didn't blow...

Tue, 08/24/2010 - 08:38 | 539749 Ethics Gradient
Ethics Gradient's picture

You might as well be telling the contributors to 4chan to exercise something other than their right arm.

Embrace the multifaceted nature of the universe and all of the subtleties therein.

You could also accept that if someone's opinion is not the same as yours that it doesn't necessarily make them wrong. If you can't do that then I suppose you could run for President.

Tue, 08/24/2010 - 08:29 | 539724 flacon
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We need to do the same the the government. 

Tue, 08/24/2010 - 08:11 | 539689 williambanzai7
williambanzai7's picture

Double dip means double dipshits.

Tue, 08/24/2010 - 08:16 | 539698 DavidC
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It's not a double dip, it's the continuing depression.

Yes, that 'D' word, depression.

DavidC

Tue, 08/24/2010 - 08:58 | 539817 mephisto
mephisto's picture

Exacly. And that's why GS conclusion is wrong. They say we can't go back into a technical recession because htte usual factors are already low. But that's nonsense, this economic situation doesn't compare with the standard start of a recession, the comparison is not sensible.

GS know this but they also know headlines 'GS predicts double dip' will not go down well in DC.

Tue, 08/24/2010 - 08:23 | 539707 jbc77
jbc77's picture

Looks like the the shit is hitting the fan. Wonder when the negative GDP forecasts will be displayed? Thats where were heading, negative growth. Doesn't matter anymore. I'm just waiting for the "tail end events". Gotta love Kyle Bass - "Keynesian endpoint" - love that term.

Tue, 08/24/2010 - 08:28 | 539722 Bigger Dickus
Bigger Dickus's picture

I loves me some nice double DDs. Apparently I am not the only one.

Tue, 08/24/2010 - 08:35 | 539748 russki standart
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Oh yeah,  please slap me in the face with a good pair of DD´s, anytime<G>

Tue, 08/24/2010 - 08:29 | 539723 VK
VK's picture

Technically, GS should have been dismantled and buried 6000 ft under.

Tue, 08/24/2010 - 08:43 | 539770 dukeness
dukeness's picture

Down, Bitchez!

Tue, 08/24/2010 - 08:45 | 539777 ZeroPoint
ZeroPoint's picture

When do we get to call it a depression?

Tue, 08/24/2010 - 08:54 | 539797 emsolý
emsolý's picture

We live in a world of euphemism. Undertakers have become "morticians," press agents are now "public relations counsellors" and janitors have all been transformed into "superintendents." In every walk of life, plain facts have been wrapped in cloudy camouflage.

No less has this been true of economics. In the old days, we used to suffer nearly periodic economic crises, the sudden onset of which was called a "panic," and the lingering trough period after the panic was called "depression."

The most famous depression in modern times, of course, was the one that began in a typical financial panic in 1929 and lasted until the advent of World War II. After the disaster of 1929, economists and politicians resolved that this must never happen again. The easiest way of succeeding at this resolve was, simply to define "depressions" out of existence. From that point on, America was to suffer no further depressions. For when the next sharp depression came along, in 1937-38, the economists simply refused to use the dread name, and came up with a new, much softer-sounding word: "recession." From that point on, we have been through quite a few recessions, but not a single depression.

But pretty soon the word "recession" also became too harsh for the delicate sensibilities of the American public. It now seems that we had our last recession in 1957-58. For since then, we have only had "downturns," or, even better, "slowdowns," or "sidewise movements." So be of good cheer; from now on, depressions and even recessions have been outlawed by the semantic fiat of economists; from now on, the worst that can possibly happen to us are "slowdowns." Such are the wonders of the "New Economics."

                       Murray N. Rothbard, Economic Depressions: Their Cause and Cure

 

(sorry for the lengthy quotation, but fits nicely in here)

 

Tue, 08/24/2010 - 08:48 | 539787 emsolý
emsolý's picture

you can't have the technical argument both ways, and I would say, what we just had was a technical recovery... so the technical recession thingy is a bit misnomed.

Tue, 08/24/2010 - 09:14 | 539858 bugs_
bugs_'s picture

Could Goldman be right this time?

Tue, 08/24/2010 - 09:23 | 539894 MrTrader
MrTrader's picture

Jan Hatzius has no clue about micro economics. :=))))

Tue, 08/24/2010 - 11:42 | 540390 Grand Supercycle
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Updated S&P500 chart showing head and shoulders with target.

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