Jan 10
Wednesday Goldman Sachs became the latest “authority” to say that the
United States may be slipping toward an outright
recession, and that the housing and credit market
problems would be the primary cause.
In a research report Goldman Sachs said that the latest economic data
indicate that the recession has arrived or soon will and that there will
also be a decline in consumer spending, something that didn’t happen
during the tech bust recession of 2001.
It is clear that the housing downturn is…