This page has been archived and commenting is disabled.
Goldman's Hatzius Issues Another Preemptive Economy Downgrade Warning
Very much in sync with our long-running projected timeline that Goldman will downgrade the economy within a month, to be followed by some more Hatzius-Dudley tete-a-tetes in which the current head of Goldman's economic team will make it all too clear that the Great Re-Redepression is inevitable unless the former head of Goldman's economic team sacrifices another 1-2 trillion in 25% linen/75% cotton fiatscoes at the altar of the supreme bankster, Hatzius just issued his second preliminary downgrade warning for US GDP.
To wit:
1. Durable goods orders disappointed expcectations with a 0.9% drop. It's a "what you see is what you get" report, as durables ex transporation and nondefense capital goods order ex aircraft likewise disappointed by a sizable margin. Indeed, the latter measure of core capital goods orders is now tracking at double-digit negative rates in the first quarter so far, although core capital goods shipments (which enter the GDP numbers) are still tracking +1% in nominal terms -- not great but not nearly as bad.
2. The data increase the sense of downside risk to our Q1 GDP estimate of 3.5%. However, it is harder to say how much they matter beyond this, as durable goods orders are notoriously noisy. Industrial production of business equipment continues to rise and the industrial surveys continue to look great, including for surveys of capex spending plans (the Philly Fed measure of this just hit an 11-year high in March). We would therefore downplay the broader message from the durable goods report.
»
- 7967 reads
- Printer-friendly version
- Send to friend
- advertisements -
US Federal Prosecutor tells Federal Judge that GoldmanSachs Board of Directors member said "I Plead The Fifth".
http://www.bloomberg.com/news/2011-03-23/ex-goldman-board-member-invoked...
Execute him, next.
Hatzius is happy in his new function as "HFT" professional
They know that massive money printing covert and overt will continue. I say this is BS on their part. Rally will continue till all humans are dead.
But it is molesting Blythe.
He's just buckin' for QE3. Keep the money coming!
always on the sunny side
yawn.
another large quake in burma - 7
Buy the GDP Fail!
Hatzius know's he an outlier so he's
hedging. JPM is already at 2.5% GDP
which basically sucks.
At 2.5% GDP, no net new jobs will be created
Nor will there be any income growth.
They're just kiting stocks now on
POMO fumes.
2.5%? Absent 11% deficit spending, what is the real GDP "growth" number?
Together we thrive.
Economy. Stock symbol aapl
Hurry, the guy who lost his job, the house, the wife and his dog, also lost his cable and needs to hear this warning.
Great news for the market..... QE$$$$$$
That sounds indeed like cover his ass. But it is not that bleak.
Market is so screwy today.....
- Toyota announces all US plants may have to shut down due to supply chain disruption.
- Goldman warns on the economy
- Durable goods drop precipitously
- Consumer confidence tanks
MARKET SOARS!!
Only POMO matters
And now THIS gem:
http://www.bloomberg.com/news/2011-03-24/worst-texas-drought-in-44-years-eroding-wheat-beef-supply-as-food-rallies.html
yep, it is dry here. Hit 88 degrees in Austin a few days ago.
GDP report tomorrow.
I really can't see earnings holding up going into April. Too much shit went down with wars, nukes, gas, earthquakes to keep the priced to perfection marker going.
And how many stopgap will they pass before taking on the debt celiing debates?
I'm leaning towards NO QE3. How will they shove that down with oil surging?
Oil doesn't count... only iPads.
So does that mean the rally keeps going, I got an eye on a few pigs that could fly on QE2.5
It's a man baby!
http://www.youtube.com/watch?v=WgOIEGz7o_s
Au and Ag at new highs of 1447 and 38.13 continue their inverse responce to warnings and declining economic numbers elsewhere, but these parabolic PM price increases, to me, are the warnings to watch - of upcoming disruptions in currency, trade, profit, GDP and consumer sectors, so well obfuscated and otherwise disguised as they are.
It's been said that short-term, gold is an inflation hedge, and long-term, a deflation hedge, but apparently the two have merged and the future is now.
deflation/inflation is irrelevant. Buying power is ALL that will soon matter.
Fuck Timmy Giethner up the A$$ with Blythes Silver Dildo.......
Take it dry TimmahY
I just realized... "25% linen/75% cotton"
This is why cotton is up...LOL
definitely using this rally in the market as a shorting oppty!: http://www.hedgefundlive.com/blog/recent-march-rally-a-shorting-opportunity
Hatzius and some other Wall Streeter shocked me a few weeks ago when they admitted,"housing will not recover for 8-10 years." They said recovery is linked to employment and they do NOT see that improving for years.
One of the few times I heard some truth from these Wall Street economists who usually game their book...
Whatever GS says expect the opposite. Its all false flagging now as its rock n roll time.
test..