The economist from Goldman Sachs that predicted the depression, is now seeing shoots and seeds, and improvements in exports.
"Modestly positive growth rates..."
He predicted the economy would shrink 7% in Q1 at the day of the market low.
http://www.chinapost.com.tw/commentary/bloomberg/2009/03/10/199471/Depression-dynamic.htm
Previously, Jan Hatzius said this:
“The potential for an economic implosion and subsequent world recession is huge and could surpass the biggest financial crash in history of that of the Great Depression”.
Now he sees a recovery! After he misses a 30% move!
Did Goldman cover their shorts?
No comments:
Post a Comment