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Rumor Mill News Reading Room, Current Archive
Goldman Sachs: The Financial Outlook For The USA Is 'Not Good'
Posted By: tonzal Date: Wednesday, 13-Jan-2021 05:52:23
www.rumormill.news/99649
CNBC - May 21, 2018: The article highlights that Jan Hatzius, chief economist at Goldman Sachs, sees the deficit ballooning to $2.05 trillion (7 percent of GDP) by 2028. And that "Lawmakers might hesitate to approve fiscal stimulus in the next downturn in light of the already substantial budget deficit," the economist said. The Congressional Budget Office projects that debt could equal GDP within a decade, a level not seen since World War II.
The fiscal outlook for the United States "is not good," according to Goldman Sachs, and could pose a threat to the country's economic security during the next recession.
(BattleForWorld: This assessment is realistic, but as always, such analysis often gets neutralized later with cooked up figures expressing growth and other wonderful things recovering the economy back into normalcy. Nothing will be admitted with credibility because of fear and panic from the people, and so the economy is just going to run into the ground with the ones at the helm acting with puzzling surprise.)
"An expanding deficit and debt level is likely to put upward pressure on interest rates, expanding the deficit further," Jan Hatzius — Goldman's chief economist — wrote Sunday. "While we do not believe that the U.S. faces a risk to its ability to borrow or repay, the rising debt level could nevertheless have three consequences long before debt sustainability becomes a major obstacle."
END
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Goldman Sachs: The Financial Outlook For The USA Is 'Not Good'
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