U.S. Doing Better Than People Think: Goldman's O'Neill

[Parsad]

GS Asset Managment Chair has some astute comments about the U.S. and world.  I especially like the China & Greece comment.  Cheers!

 

http://www.cnbc.com/id/44976558

[bookie71]

He also discounted the effect of Greece, which he said is "only a $350 billion economy. China will import another Greece this year."

 

That puts things in proper perspective with a vivid  sharp contrast that shows how HUGE China's economy actually is by comparison.

[alertmeipp]

I thought no ppl really care about Greece .. they are concerned about what's next if Greece fall apart.

[Guest misterstockwell]

That guy is full of it. If Greece doesn't matter, let it fail. Let's see what half a trillion of bad debt does to the banks in Euroland(and the US). Then bring him back on and see if he still discounts the effect of Greece.

[rranjan]

Well Greece might be a small economy but we are so interlinked that it's difficult to say what will be total impact.