Wall Street Manna
An irreverent look at Wall Street
Monday, December 7, 2009
Goldman's forecast: Fed funds will remain at zero for two more years??
"If our economic forecast is broadly correct, the federal funds rate is likely to stay at 0% in 2010 and, more likely than not, in 2011 as well."
The only thing that has a zero chance of being correct is that forecast!
Goldman Sachs Research: Fed Rate - How Low for How Long
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