From: Jas Jain
11/27/07
“Goldman has definitely turned significantly more bearish on housing and the economy.”
Goldman Sachs on Housing:
http://calculatedrisk.blogspot.com/
Leaders in forecasting are early and followers are late. Then there are what-me-worry clueless who fail to notice that US economy is a disaster that has been waiting to happen for a while. Now, the ball has started to role. We are already in a recession, to be followed by deflation and depression next year.
Commodities bust may already be in the early stage. When the Credit Bubble starts to burst the party is over.
Jas
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