Goldman Sachs should know. They "own" the current administration as well as the treasury. Well not really own it, but they do have check writing priviledges.
Goldman Raises US Recession Odds To 40%; Sees More Fed Easing, Expects Recession In Germany And France
We won't comment on the supreme imbecility of being able to predict something as amorphous as a recession in decile increments, but for what it's worth, here it is. Just out from the crack Goldman tag team of Hatzius and Dominic Wilson, who usually don't work together unless they have to make some big statement: "We now see the risk of a renewed US recession as around 40%." (this was 30% before - expect every other Wall Street idiot to follow suit with an identical prediction). Also, those wondering if Goldman is content with getting shut out on its IOER cut demand, we have the answer: no. To wit: "We expect ... (full story)