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The extension of Operation Twist until the end of the year and the Fed's failure to explicitly...
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Thursday, June 21, 2012, 10:57 AM ETThe extension of Operation Twist until the end of the year and the Fed's failure to explicitly lengthen its low-rate guidance has put the economy on course for a "monetary cliff" as well as a "fiscal cliff," says Goldman Sachs' Jan Hatzius. While he forecasts that Q1 2013 GDP will slow to 1.5%, Hatzius believes the Fed won't sit on its hands.
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This news story has 2 comments:
His prevision last week:
"(OT extension)... won't work, Hatzius says, adding the Fed will likely announce its resorting to a more drastic move known as quantitative easing"
aka: If reality does not turn out to be what I predict, then reality is wrong.
GS needs better than this.