Substitute subprime for eurozone debt and 2011 is looking very similar to 2007, opines Goldman...

|By:, SA News Editor

Substitute subprime for eurozone debt and 2011 is looking very similar to 2007, opines Goldman Sachs. This time it's Europe (not the U.S.) falling into recession while the rest of the world grows, with oil remaining notably strong. If Goldman is right, 2012 could shape up a lot like 2008. Lovely.