Goldman Sachs predicts strong economy next year.

This should be good news for everyone. Except for Democrats that hate Trump. Anything good for the country
is bad for Democrats under Trump

Remember what happened when the economy went crazy under Trumps first term, hopefully something similar
will not happen this time.

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ElwoodBlues · M

Did Goldman-Sachs predict the 2007-2008 Great Recession?

Oh, wait, Goldman was deeply invested in selling mortgage-backed securities and collateralized debt obligations that fueled the housing bubble. Oh, and then other parts of Goldman started betting against their own products; selling these securities short as the 2007 crash built momentum. Even so, Goldman accepted $10 billion in TARP funds.

How about 2020??

“Overall, the changes underlying the Great Moderation appear intact, and we see the economy as structurally less recession-prone today,” Goldman economists Jan Hatzius and David Mericle wrote.

“While new risks could emerge, none of the main sources of recent recessions — oil shocks, inflationary overheating, and financial Imbalances — seem too concerning for now. As a result, the prospects for a soft landing look better than widely thought.”

Pardon me if I treat advice from Goldman Sach as tainted by self-serving equivocations and misleading half-truths.