Goldman Sachs Says Unemployment Will Fall to Lowest Level Since 1969

[Dbones]

Originally Posted by berdee

"own up to where it was coming from"?
Google's lead listing for that story is for CNN, how did you miss it?

You don't even have to ask. It's because they are being dishonest

[legalsea]

Originally Posted by Myghost

Thank you Obama. 8 years of slow, steady methodical growth is paying off. I predict it will all be in the toilet within 24 months.

Since we are talking of Goldman Sachs (whom Candidate Trump, along with Candidate Sanders, blasted during the campaign), here is another prediction from their economists, as of this morning:


Goldman Sachs warns markets haven't been this pricey since 1900 - Nov. 30, 2017


As I noted in another thread, one Republican strategist (Bruce Bartlett, high critical of Mr. Trump and the tax reform), noted that if the tax reform goes through, we could be facing a new recession cycle down the line; however, he said the Republicans would benefit if they are 'out of power' by that time, since the Voting Public tends to blame the party in power when such problems arise, instead of blaming the party that implemented policies that led to the problem.

[Freak80]

Originally Posted by texan2yankee

According to a recent article in The Economist, ...."this year to the third quarter wage growth for factory workers, builders and drivers outstripped that for professionals and managers, with some blue-collar workers seeing rises of 11% in the buildings trade."

The Economist is behind a pay wall, but most of the article is here:

https://agmetalminer.com/style/market-analysis/

Rising Blue Collar Wages a Sign of Broad-Based Recovery
by Stuart Burns on NOVEMBER 22, 2017

"[last week], the latest consumer sentiment survey from the University of Michigan indicated that while overall confidence in the economy is sitting right near a 13-year high, “what has changed recently is the degree of certainty with which consumers hold their economic expectations.”

https://finance.yahoo.com/news/key-p...175545961.html

The Economist is a neoliberal, pro-globalization newspaper. They are heavily incentivized to fudge the numbers to make it look like ordinary people are benefiting from free trade and globalization.

Without actually looking into their data gathering methodology, I’m skeptical.