Saturday, December 4, 2010

Goldman's Roadmap To Losing All Credibility... And A Propaganda-Based Utopia

"We have already had our share of laughs at Jan Hatzius selling out his credibility to Goldman's bigger picture order flow creation agenda, whereby his Wednesday upgrade of the economy ended up being (certainly at least in the short term) a complete mockery, after disappointing Case Shiller results, a declining ISM, whose Inventory less New Orders differential virtually guarantees a double dip, a worse than expected Initial Jobless Claims (which next week will be revised to an even worse number), a further downward revised already disappointing Durable Goods number, and last but not least, the worst miss to Non Farm Payroll expectations in years, indicated that his "revolutionary" forecast couldn't be further from the truth, is driven entirely by some secondary motivation..."

at http://www.zerohedge.com/article/goldmans-roadmap-losing-all-credibility-and-propaganda-based-utopia?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29

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