Goldman Drops Fri. Evening 'Bomb,' Projecting Unemployment at 8.75% at

July 16th, 2011 11:03 AM
Per Reuters blogger James Pethokoukis, Goldman Sachs, demonstrating Democratic-friendly timing similar to that seen at the New York Times a month or so ago, published an extraordinarily gloomy economic forecast last night. Here are some of the details he quotes: "Following another week of weak economic data, we have cut our estimates for real GDP growth in the second and third quarter of…