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Monday, August 31, 2009

Goldman Sachs should supply the stimulus

*whats the phrase? You gotta give it away in order to keep it
Euro am Sonntag:

- Jan Hatzius, chief US economist at Goldman Sachs Group, said another US economist stimulus plan is likely because of a probable4 rise in unemployment, citing an interview. A three-year program funded with about $250 billion would be about right, Hatzius said, adding that the chances of having another program are about “60 to 40.” A dip in the July jobless rate to 9.4% is temporary and the US can expect an unemployment rate of more than 10% by the end of 2010, Hatzius said. Gross domestic product will expand about 3% in the second half before slowing to 2% by mid-2010 and 1.5% by the end of next year, he said.

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