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HATZIUS: THE RISKS ARE STILL TO THE DOWNSIDE

Good commentary here from Jan Hatzius, the Chief US economist at Goldman Sachs.  Unlike most analysts, Hatzius has been a bit more cautious on the US economy (and he has been correct).  In this segment he discusses why the recovery has been so weak and why the risks lie to the downside.  Hatzius says the end of fiscal stimulus will reveal very weak underlying demand:

Source: CNBC

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