Goldman: It’ll Be A Disaster If Bernanke Raises Rates

Goldman: It’ll Be A Disaster If Bernanke Raises Rates

Not only does Goldman say the fed won’t raise rates, but they even say that the Fed shouldn’t; which if Goldman-conspiracy theorists are right essentially means the Fed won’t.

Even for the rest of us, Goldman is basically setting themselves up so that if Bernanke raises rates before they forecast him to, it will be his error, not theirs, since they say U.S. isn’t ready for it yet.

While some economic data makes it look like it’s time to tighten, they argue that in reality it isn’t time yet:

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