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Wednesday, April 22, 2009

Jan Hatzius getting dragged kicking and screaming into the bullish camp

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?

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