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IPFS News Link • Economy - Economics USA

Goldman Sees "Substantial Recession" Risk

11-16-2007 • Mish Shedlock

Goldman Sachs sees a $2 trillion cut in bank lending that could trigger a "Substantial Recession". The Fed's Kroszner says growth will return. If anything, Goldman has understated what will happen because risk aversion feeds on itself.

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Reported By Mike Shedlock

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Goldman Sees "Substantial Recession" Risk

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