Jan Hatzius, the Chief Economist at Goldman Sachs, was on CNBC this morning to discuss his outlook for the economy and what the many negative economic reports in recent weeks mean. Hatzius says the recent run-up in commodities has been largely due to economic improvement and not speculators (his firm had a contradicting opinion of the 2008 oil rally). Hatzius is still very optimistic about the economy and believes we should see continued improvement in employment. His primary worries are commodity prices as well as housing data. He says we are early in the recovery cycle and the next recession is “years away”.
Fast forward to the 4:30 minute mark:
Source: CNBC
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.
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