IOSCO-RPT-Goldman CEO sees long recession - Reuters
Wed Jun 10, 2009 9:07am EDT
TEL AVIV, June 10 (Reuters) - Goldman Sachs CEO Lloyd Blankfein said on Wednesday he believed a current upturn in world markets was probably not a full recovery from crisis and said he expected a further long recession.
"I think it's going to be a long proctracted recession," he told an international regulators conference in Tel Aviv.
Addressing a current upturn in markets, he said: "There is no reason to think this is it ... So many things have to be sorted out. Why would this be the recovery?
"The chances are it's not." (Tel Aviv newsroom)
So, Blankfein from Goldman Sachs, the same bastards that has helped run the price of oil up to 71 dollars a barrel now, and the 140 dollars a year ago, is saying the recession will be long protracted recession. Why? And why are you saying this now?
Not that I disagree, but this is common knowledge for anyone that doesn't listen to the "green shooters" on CNBC or the MSM. But why now would Blankfein say this, like he has any credibility to begin with. Did your trading desks decide its time to go SHORT Lloyd?
Wednesday, June 10, 2009
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