Goldman Sachs sees the risk of US entering a recession

[mahatmakanejeeves]

Yahoo Finance

Goldman Sachs sees the risk of US entering a recession

Brian Sozzi · Anchor, Editor-at-Large
Fri, March 11, 2022, 6:41 AM · 2 min read

A recessionary storm could be forming off into the distance amid a host of inflationary and geopolitical concerns, warns strategists at Goldman Sachs.

"We now see the risk that the U.S. enters a recession during the next year as broadly in line with the 20-35% odds currently implied by models based on the slope of the yield curve," said Goldman Sachs Chief Economist Jan Hatzius.

The top Wall Street strategist cut his 2022 U.S. GDP forecast to a growth of 1.75% from 2% previously. Consensus estimates are looking for a 2.7% increase.

Multiple factors have taken shape to push up U.S. recession calls across the Street. ... Brent crude oil prices traded around $113 a barrel Friday as traders continued to digest the Biden administration's ban of imports of Russian oil, liquefied natural gas and coal in response to the country's war on Ukraine.

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[doc03]

1. That is what broke inflation in the 80s a major recession. nt

[IA8IT]

2. How Goldman Sachs profits from war in Ukraine

https://www.yahoo.com/now/goldman-sachs-profits-ukraine-war-004757561.html

As the Western world scrambles to defend Ukraine by locking down Russian money, the company is acting as a broker between Moscow’s creditors and U.S. investors, pitching clients on the opportunity to take advantage of Russia’s war-crippled economy by buying its debt securities low now and selling them high later, according to four financial world sources familiar with the strategy.

[Tomconroy]

3. Yup. Likely.

[captain queeg]

4. And of course it will be Biden's fault.

How stupid are a great number of Americans? We’ll, we know the answer; we elected TFG. And many voted for him the second time. Yes I know the elections were corrupted and the evidence continues to grow. But it should never have been close at all. Too much RW propaganda in the US.