Holy Crap

8 Random Items for 11/21/2008 #8

From Atrios comes this tidbit from Calculated Risk:

In a research note released this morning, Goldman Sachs slashed their Q4 GDP forecast from a decline of 3.5%, to a decline of 5% in Q4 (at an annual rate). They are now forecasting unemployment will reach 9% by Q4 2009.

9% unemployment? Thanks Ralph. Thanks W.