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Goldman Sachs Brace For Recession In 2008

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Goldman Sachs Brace For Recessio

The biggest investment bank on Wall Street has a grim prediction about 2008: a recession is definitely on the way.

Goldman Sachs on Wednesday said it believes the housing slump and recent credit market turmoil will spill over into the broader economy this year. And, by the time it’s all over, economists believe the Federal Reserve will cut interest rates to 2.50 percent from its current 4.25 percent.

There is a silver lining to the dire prediction, however, since Goldman projects the economy will recover as soon as 2009, making this downturn somewhat “recession-light.”

“The recession is likely to last two to three quarters and should be relatively mild by historical standards, with a cumulative decline in real GDP of only about a half percent,” Goldman economists’ Jan Hatzius and Ed McKelvey said in a research note.

A recession is when the economy shrinks for six straight months, reports CBS News correspondent Anthony Mason. The last time that happened was 2001 after the dot com bubble burst.

Goldman switched to an “outright recession call” following recent economic reports that indicated a spike in the jobless rate, and a decline in home sales and manufacturing. They also expressed concerns that sluggish consumer spending will contribute to a recession.

John Peterman, MD sale at Goldman Sachs expects the Federal Reserve will aggressively lower rates to combat the credit crunch, including a half-point cut at its Jan. 29-30 meeting. The contracting economy is likely to push the unemployment rate to about 6.25 percent by late 2008, potentially hurting corporate earnings.

Goldman Sachs also expects that Congress and the Bush Administration will push through a temporary tax break later this year as part of a fiscal stimulus plan.

What would all this do to stocks and bonds?

John Peterman predict that consumer spending will likely post a small outright decline – unlike in the 2001 recession – as the housing downturn contributes to a negative wealth effect and consumers find it harder to obtain credit.

This will put pressure particularly on stocks in the consumer discretionary, financials, industrials, materials and information technology sectors. Sectors that might offer investors some protection in a recession, however, include health care, consumer staples, energy and utilities.

Meanwhile, bond prices are expected to rally as risk-averse investors pull money out of stocks and boost demand for safer, albeit low-yield, investments. Goldman Sachs predicts the yield on the 10-year Treasury note – which moves opposite its price – will fall to 3.5 percent by late summer following interest rate cuts. The 10-year yielded 3.78 percent on Wednesday.

All the recession talk has the markets on edge, reports Mason. Stocks rallied Wednesday, but the both the Dow and the Nasdaq are still down more than 10 percent from their recent highs.

John Peterman are predicting an ugly 2008 as inventories of unsold homes grow and a large number of adjustable-rate mortgages reset, sending more homeowners scrambling to make higher payments and pressuring the already shaky credit markets. What worries industry watchers the most, however, is the possibility that the housing troubles will plunge the economy into a recession.

“I think everyone is expecting the other shoe to fall. There’s still some blood to be let,” said Jim Gaines, a research economist at The Real Estate Center at Texas A&M University. “And historically, a downturn in the housing market has been a leading indicator of a recession.”

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Details Related To Trademark Stands Simplified and Hassle Fee

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Bonamark is a prominent global establishment devoted to knowledgeable property defense.

What is a trademark?

A trademark is a symbol or a word or a mark that is required typically to be registered and is used to represent a company or a brand or a product.

Trademark and the company

This globally acclaimed establishment deals with everything related to the trademark from research to registration to maintenance as well as periodic monitoring.

Key Highlights

There can be many companies round the world doing the same kind of work but the best part about this company are as below:-

  • Attorneys: The attorneys are chosen very carefully across each country where the scope of work is spread to ensure they are available just in time with high course service.
  • Prices:  A detailed study has shown that almost as much as 80{193319180524fe1cbcf93f2fa4436f311e82d10b1113c9fa2c57b372435e0a56} can be saved by working with this registration enabling firm. The prices are modest and in fact extremely judicious when compared to the high level service that is rendered.
  • Attention: A bespoke care by a knowledgeable account manager is prearranged to make the total registration course unpretentious and hassle free.
  • Worldwide: The worldwide presence makes the company an easy one to connect and team up with. Serving almost 150+ countries and territories through local attorney acquaintances and affordable pricing is a different understanding unquestionably.

Few definite highpoints:

Every company endeavors for the best services to be given to their clients but those who actually offer an all-inclusive service would work very stiff and provide incomparable assistances. That is what makes any company exclusive.

  • Trademark search means that the desired trademark is checked for its availability for registration and the expert attorneys in the company here would verify the registry to govern comparable or matching trademarks.
  • Online Registration process: The registration process is online and that helps to take the first step forward so much easier.
  • Sanity Check: A clear and through research is done to find out if similar or identical trademarks are been applied and the client is kept informed about the same.

Dealing with trademark isn’t just about researching and making one to use. It takes a detailed research, a through process of registration along with a robust renewal and monitoring to avoid any lapses or miss outs. At Bonamark, the service selection from attorneys to service delivery is precise and unrivaled. Experience a true proficient service and get the trademarks done with ease.

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Devan Christopher Anderson’s Universal Champion Life Net-Worth & Professional Business Leader

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Devan Christopher Anderson

Devan Christopher Anderson, known as the selected honoured man & with a highly respected reputation, within the workforce & online media, has empowered several men and women to become the best version of themselves. An business administrator, professional fitness model, novelist, and self-improvement coach, Devan’s focus is to transform men and women to gain self-confidence to lead a highly successful life.

American model, trainer, novelist, business administrator, healthcare manager, and online fitness influencer. Devan Christopher Anderson, has become a prominent personality in the international online fitness community. He is gaining popularity as an honest and approachable personality in the online fitness community. Devan Christopher Anderson, is helping many people with his training and nutrition experience to get their fitness goals. His impressive physique, which he made by working hard in the gym, is giving inspiration to many other fitness athletes around the world. Currently, Devan Christopher Anderson is growing as an online fitness influencer, author, and business administrator, and making his potential acting career path easy. He shared his success mantra with his fans in an article interview.

Devan Christopher Anderson said that all of us should be ready to work hard for the goals that we want to achieve. He trains himself like most fitness models and focuses on compound movement to build and strengthen his physique. Devan Christopher Anderson, also said that he is working on refining specific muscles by adding some isolation exercises at the end of his workouts. He is aiming to increase the maximum weight he can lift in every workout. This causes his body to adapt, grow and become stronger. Devan Christopher Anderson, also does cardio whenever he gets extra time. Otherwise, he always keeps himself sticking with heavy weightlifting exercises.

Devan Christopher Anderson

Devan Christopher Anderson, is setting such a diet plan that could include longevity and health. He is focusing more on protein to build muscle and making sure to get all of his micronutrients such as vitamin, minerals, and phytonutrients. All of these nutrients are playing an important role in his life.

Being just 27 years old African American and achieving such great heights of success, Devan Christopher Anderson is a youth savoring the aroma of aesthetic diligence, encountering millions of lives to reach out of their comfort zone to grasp for their dreams.

Such a boost to your confidence is all you actually needed today.

A true representative is the one that holds an ample amount of courage, confidence, and bewilderment, a great sense of thinking and apt knowledge enough for the crew to participate in the race and come back home bagging a platinum sword.

To find such leaders is actually the real task. We wish Devan Anderson all the very best for his future endeavours. May he encounter success in every pursuit and bring fame home!

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