"Jan Hatzius, the chief United States economist at Goldman Sachs, said the economy was likely to grow at an annualized rate of around 3 percent this quarter. Goldman projected last week that the growth rate would be 4 percent for most of 2011. Morgan Stanley, which raised its growth forecast for 2011 to 4 percent, is even more optimistic, forecasting a rate of 4.5 percent this quarter" New York Times 12/24/10
Is there really a Santa? Did he really deliver a sleigh full of merriment and optimism? Or were the reporters at the New York Times and several economists across the country taking part in too much spiked eggnog?
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