He asserted that in few years, we’d no longer be a democracy, that all enterprise would likely be owned by the State, and that the future for his grandchildren was grim indeed. I asked if he’d always been a pessimist and he insisted he was optimistic but a realist and could only envision an end to life as we know it.
I suggested that in four years, the US economy will be humming, that in 20 years, the world will be dominated by 3 countries. Namely the US, China and India, and that we would be pre-eminent, in that among the three, we are the only exporter of food. As a result of having better water resources. That China would be moving toward a two party system, driven by an emerging middle class that demanded choices.
Sure enough, this morning I find an article that was referenced in a list of discussions in a LinkedIn group that I belong to, Networking for Healthcare Professionals ( Yes, I know I’m not a healthcare professional but I have them among my clients.) It said be sure to read this since it comes from the top economist at Goldman Sachs, a company more often than not leading the pack.
Here’s the front end of the article. If you want to read all of it, I’ve provided the link at the bottom.
In a recent report, Goldman’s top economist Jan Hatzius predicted that finally, the US would see a real growth acceleration in the second half of 2013.
There are three great reasons to listen to Hatzius:
1. He’s the top economist at Goldman Sachs. That alone is a reason to take him seriously.
2. He called the economic downturn. Remember, he got pilloried in 2007 by Ben Stein for saying that housing was going down, and that the economic ramifications would be significant.
3. He has a framework for analyzing the economy that’s rare among Wall Street economists.
Read more: http://www.businessinsider.com/goldmans-jan-hatzius-on-sectoral-balances-2012-12#ixzz2Ewj2ZqE9
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