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Goldman Lost Decade

Peter S. Goodman

Goldman's Cynical Assurances Notwithstanding, The Decade is Lost Already

HuffingtonPost.com | Peter S. Goodman | Posted 05.25.2011 | Business

Step back from the ledge, America. Scotch the gloomy talk of a Japan-style Lost Decade -- Goldman Sachs says we're alright. Except that Goldman's dismissal of Lost Decade fears is brazenly self-serving. We are very much lost, and have been for decades. And we will remain so for as long as influential people pay attention to the cynical assurances of Goldman, which has mastered the art of digging us deeper into a hole, all the while selling us the shovels.