Weak, but not recessionary, is how Goldman's Jan Hatzius describes this morning's NFP print....

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Ananthan Thangavel Comments (820)
 
Umm, you mean the ISM numbers this weak that showed the worst growth rates since the "recovery" began? This may come as news to Wall Street economists, but economies weaken before they stall into recession. Nothing goes from booming to bust in an instant.
6 Jul 2012, 11:32 AM Reply Like

bbro Comments (7839)
 
Defnitely below trend...all you have to do is look at the postponable purchases to GDP ratio while it is 17.93% and rising.. it is way way
below its 65 year average....
6 Jul 2012, 11:34 AM Reply Like

montanamark Comments (1359)
 
remember muppets - "everything is fine"

brian wesbury - so what your house is burning, just sit still, it will cool down
6 Jul 2012, 11:35 AM Reply Like

sr1977 Comments (318)
 
Is this the same Goldman that revised their non-farm estimate up to 125K yesterday?
6 Jul 2012, 11:40 AM Reply Like

mickmars Comments (1085)
 
Hatzius is the same guy that all but assured everyone that big-time QE3 was coming in June.
6 Jul 2012, 12:13 PM Reply Like

into dark shadows Comments (294)
 
Really Jan?
You are as useless with this constant dribble as Jim Goldman and his hyperbole!
I suppose some more dollar debauchery ala bubble blowin Ben and his QE stun gun is just what you buffoons at Goldman suggest?

This kind of garbage is as wasteful as the Wall Street Journal and its recent commentary by Alan Blinder and Austin Goolesbee!

Both of these shills can't even remotely find the backbone,(along with their coward chief, Obama) to take responsibility for this epic failure of policy!

Blinder just keeps going on and on, kinda like you Jan, about all we have to do is go back to the Robert Rubin,(why is Rubin not behind bars?) days of the go go '90's and all will return to normal!

Hey Al,
we had a small, little singularity back then called the INTERNET,
a congress that kept slick Willy in check,
and more to the point,
Clinton was a pragmatist!

Obama is a megalomaniac who is "So much smarter" than all the rest of us he just gets bored easily,
hey Val, (as in Obama's communist brain) Jarrett,
take you half brother and get ready to go crawling back to Rahm,"The Godfather" Emanuel back home in Chicago!
We, the American people have a serious dose of house cleaning to miter out come November!

Let us not fail the challenge before us and the republic,
because we chose to sit down!

No more QE Jan, and tell Jim Goldman he would make a terrible replacement for Old Merv King, who is an embarrassment in his own right!

God help this wonderful little experiment in freedom we lovingly call America
6 Jul 2012, 01:00 PM Reply Like

Brian Nichols Comments (1917)
 
I am not sure how it is not recessionary. The higher the unemployment the more taking rather than giving to grow the economy. We need more jobs http://chn.ge/LXpavi
7 Jul 2012, 11:06 AM Reply Like