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Saturday, December 12, 2009

Goldman: Q4 growth 4%


But Goldman projects unemployment to go up to 10.75% by early 2011.

Meanwhile 4% GDP growth for Q4 is becoming holy writ because of inventory building. Wednesday, wholesales inventories were up.3%, while wholesale sales were up 1.2%.

There's no double dip in Government statistics.

Goldman Sachs Research: State and Local Drag                                                                                                                                                       

2 comments :

Anonymous said...

I call that the jobless recovery!

Anonymous said...

Will this bring Gold down at all?