‘There will be depression.’ Oops, ‘no depression’. Goldman changes the reference in 73 minutes
Making predictions about the economy and market is never an easy task. But underneath Donald Trump This has become a virtually impossible mission.
Of analysts Goldman Sachs. Reports before transmitting Trump’s tariffs can be rapidly changed in the history of the bank on the day of the old email boxes and reports agreed.
After gradually increasing his hint for depression in the United States throughout the week with the Tariff War, Goldman released a report on the early afternoon, fell into its primary scenario in American GDP.
It was 12:57 during the New York period.
“We hope that the effective US duty rate is increasing 20 percent points and we will see the probability of 65%depression,” the bank’s strategists wrote.
“We believe that the White House is less likely to repel tariffs quickly (Nervous smiles)If he does, the likelihood of depression falls. “
Twenty minutes before the US president came into the community, the country’s products have increased by 125% to 104% of the country’s products, despite the growing ruler of China. Ops.
After exactly 73 minutes, the withdrawal email.
“We are now returning to our previous non-recessive scenario. It estimates 0.5% growth in GDP in 2025, with a maximum of 3.5% PCE inflation rate, the probability of 45% depression and 25-base points in June, July and September respectively.”
It is now left to know how much it is predicting – and Trump humor – continues.
(Note: Journalists who have to ignore the countless lines written throughout the week are with you, Goldman strategists!.
