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Goldman Sachs Suddenly Realizes They’ve Been Wrong About Everything for Years, Still Somehow Manages to Keep Their Job

AltcoinsCrypto NewsRegulation/Negotiation 2 Barry Thompson August 19, 2024

An illustration of Goldman Sachs economists sitting around a table looking relieved and smiling as they adjust their recession probability charts downward. A US flag in the background with rising stocks and falling unemployment lines above it. In contrast, JP Morgan's chief global economist Bruce Kasman is shown standing off to one side, arms crossed and frowning at his own chart still showing high recession probabilities

The eternal optimism of economists. Goldman Sachs thinks a recession is less likely? That’s like saying your aunt at Thanksgiving says she’s lost weight and you’re all convinced it’s true until the third helping of mashed potatoes.

Source: cointelegraph

Goldman Sachs lowers US recession risk to 20% — What it means for Bitcoin
https://cointelegraph.com/news/goldman-lowers-us-recession-risk-what-it-means-for-bitcoin
Economists at global investment giant Goldman Sachs have cut their probability of a recession in the United States within the next year to 20%, citing recent retail sales and unemployment data. In an Aug. 17 report to its clients seen by Bloomberg, Goldman’s economist, led by Jan Hatzius, said the probability is down from their previous estimate of 25% and “would probably cut our recession probability back to 15%, where […]

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About the author

Barry Thompson

Barry’s crypto nightmare began when he bought Bitcoin at $3, thinking he’d stumbled upon the financial opportunity of a lifetime. He sold his stash at $100, only to watch in dismay as Bitcoin soared to absurd heights. Now, Barry channels his rage into scathing articles about the crypto circus, seething with resentment at the digital gold rush he barely missed. His motto: “I sold out at $100, but the joke’s on me because the real joke was believing in this absurd circus.”

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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