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by alismayilov 1179 days ago
I follow Goldman Sachs multiple years and their predictions are always changing. I remember in 2020 after March crash they had this prediction (https://fortune.com/2020/03/20/coronavirus-economic-predicti...) which in reality completely opposite happened. There were multiple other similar cases that their prediction was wrong and after sometime they just changed their prediction.
3 comments

Still, a useful data point, inasmuch as we now know something that won't happen.
Few people could probably predict the amount of spending from governments all over the world. What would've happened if they just shut everyone down? Their prediction doesn't sound far fetched. Now the government's went on a spending spree and we got massive inflation instead.
The only motivation GS has for announcing something is to drum up counterparties to bet against.