Goldman’s Blankfein: Growth to ‘Snap Back’ faster than people think

[ASusilovic]

Goldman Sachs Group Inc. (GS), the fifth- biggest U.S. bank, is preparing for a faster global economic rebound than most forecasters expect, Chairman and Chief Executive Officer Lloyd C. Blankfein said.

“I don’t think that we can conclude that this slowdown is secular rather than cyclical change,” Blankfein, 57, said today at an investor conference in New York hosted by Bank of America Corp. (BAC)’s Merrill Lynch unit. “The world will snap back and it will be a surprise and it will be faster than people think.”

http://www.bloomberg.com/news/2011-11-15/goldman-s-blankfein-growth-to-snap-back-.html

It will be a surprise and it will be fast than people think.

 

[Scataphagos]

Quote from ASusilovic:

Goldman Sachs Group Inc. (GS), the fifth- biggest U.S. bank, is preparing for a faster global economic rebound than most forecasters expect, Chairman and Chief Executive Officer Lloyd C. Blankfein said.

“I don’t think that we can conclude that this slowdown is secular rather than cyclical change,” Blankfein, 57, said today at an investor conference in New York hosted by Bank of America Corp. (BAC)’s Merrill Lynch unit. “The world will snap back and it will be a surprise and it will be faster than people think.”

http://www.bloomberg.com/news/2011-11-15/goldman-s-blankfein-growth-to-snap-back-.html

It will be a surprise and it will be fast than people think.

Nani? Soon, everybody is going to feel rich... go on a spending spree... and businesses are going to increase their employees? Based upon what? Print-money inflation?

(PS... GS a "bank"? WTF? Sounds like the business a few years back who changed their name to "Dada.com" in order to capitalize on the .com boom... more BS and lies.)