Fairly Bad to Bad Economy (Video)

Yesterday, Goldman’s regular update to clients included a dark forecast for the economy. These statements come out all the time, and aren’t anything new. But the words of Goldman chief economist Jan Hatzius, that the economy would be “fairly bad to bad” over the near term—set off a fire storm, as the media grappled with just the latest round of gloom and doom predictions for the economy. I went on RT last night to discuss the outlook for the economy: