Pragmatic Capitalism

Practical Views on Money & Finance


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


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Cullen Roche

Cullen Roche

Mr. Roche is the Founder of Orcam Financial Group, LLC. Orcam is a financial services firm offering asset management, private advisory, institutional consulting and educational services. He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance and Understanding the Modern Monetary System.

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