More to ignore, Book 13....

Ten Thousan Marbles

Well-Known Member
Feb 6, 2014
103,076
18,449
1
Bloomberg: Goldman Cuts U.S. GDP Forecast as Biden Economic Agenda in Doubt

Goldman Sachs Group Inc. cut its forecast for U.S. economic growth after Senator Joe Manchin rejected the Biden administration’s roughly $2 trillion tax-and-spend program, leaving Democrats with few options for reviving the economic agenda.

Goldman said in a research note Sunday that the likely failure of the Build Back Better legislation had prompted it to lower its real gross domestic product forecasts in 2022 to:
  • 2% in the first quarter from 3% previously
  • 3% in the second quarter versus. 3.5% before; and
  • 2.75% in the third quarter from 3% prior
“We recently put the probability of a modified version of the BBB legislation passing at slightly better than even but, in light of Manchin’s comments, the odds have clearly declined and we will remove the assumption from our forecast,” Goldman economists led by Jan Hatzius said........
 

Ten Thousan Marbles

Well-Known Member
Feb 6, 2014
103,076
18,449
1

SANTIAGO, Chile — A leftist millennial who rose to prominence during anti-government protests was elected Chile's next president Sunday after a bruising campaign against a free-market firebrand likened to Donald Trump.

With more than 90% of polling stations reporting, Gabriel Boric had 56% of the votes, compared to 44% for his opponent, lawmaker José Antonio Kast.

Kast tweeted a photo of himself on the phone with his opponent congratulating him on his "grand triumph" as supporters of Boric gathered in downtown Santiago to celebrate. Outgoing President Sebastian Pinera held a video conference call with Boric to congratulate him.

"I am going to be the president of all Chileans," Boric said in the brief televised appearance with Pinera.


Boric, 35, will become Chile's youngest modern president when he takes office in March.....

 

Latest posts