The U.S. Economy
Sunday, March 6th, 2011
In October 2010, Goldman Sachs’ chief U.S. economist – Jan Hatzius – made headlines when he noted the economy would be “fairly bad” or “very bad” for the next six to nine months.
With access to the best data, top industry analysts and decades of historic figures, Mr. Hatzius’ predictions are taken very seriously. After all, numbers don’t lie, right?
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Now I’m not an economist and I don’t follow the markets on a daily basis. As such, I admit that I’m nowhere near as familiar with the U.S. economy as those Wall Street, or many of my friends who work as traders, VCs or at hedge funds.
But even with all the data in the world and the best analysts in the industry, there are enough signs – provided one looks around – indicating it could be six to nine years before the economy returns to respectable bullish levels.
Over the next few posts, I will outline 4-5 observations – none are difficult to grasp – on why I believe nation’s long term economic growth could be much worse than what some of the best minds on Wall Street are predicting.
Stay tuned!
