KEY POINTS
- Goldman Sachs expects aggressive duties from the White House to raise inflation and unemployment and drag economic growth to a near-standstill.
- In a note Sunday, the firm said “we continue to believe the risk from April 2 tariffs is greater than many market participants have previously assumed.”
- The firm raised its forecast for inflation this year to 3.5%, cut its GDP outlook to just 1% and raised its unemployment view to 4.5%.
So why aren’t the big players on Wall Street raising hell over this?
They have lots of liquidity and are willing to take the hit to buy more at lower prices.
they’re are vultures, hoping to buy low and sell high.