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Rebel Capitalist News

News: Goldman Sachs Releases Shocking Prediction About Recession

Rebel Capitalist News

George Gammon

Investing, Business

4.71.1K Ratings

🗓️ 11 September 2023

⏱️ 21 minutes

🧾️ Download transcript

Summary

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Transcript

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0:00.0

Hello fellow rebel capitalists hope you're well. Let's get right into the topic. So it is official

0:06.9

Goldman Sachs has gone full retard. You heard it first on the Rebel capitalist channel right here. They've

0:15.3

gone full retard. They've done it.

0:17.1

You say, well, George, what makes you say that? Because when you see the prediction

0:23.8

that they have made for recession in 2024,

0:27.0

you're gonna get exactly what I'm talking about.

0:28.6

So let's dive into it right now

0:30.9

and see what the geniuses at Goldman Sachs are saying about the

0:37.3

recession in 2024 and how they are coming to those conclusions and I may give you a gentle rebuttal to what

0:49.6

they're saying. All right so this article Goldman Sachs cuts chances of U.S. recession in next one year to 15%.

0:58.2

Now this was down.

1:00.0

It's great because I've already read the article for once.

1:02.6

This is down from 20% earlier in the year,

1:06.2

and this is according to their chief economist Jan Hatsu,S, Hatuus, Hatzus, oh call it.

1:16.8

So what I went over to begin with is the fact that Jan, like the guy we were talking about yesterday with JP Morgan or the day prior,

1:25.7

his main motivation is to keep his job. It's not to be right. It's not to call turns in the economy.

1:32.1

It's just to basically take the consensus view and put a

1:36.9

little teeny weeny spin on it. And also I think he falls victim to

1:42.0

human nature like we all do.

1:44.4

But I was actually thinking about this this morning at the gym and it dawned on me that

1:50.0

what these guys do when they come out on

1:52.8

on C. M. C. or Bloomberg, all these quote-unquote

...

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