Shorter Kedrosky: "Goldman Sachs says that if lots of Americans start buying lots and lots of stuff -- which might or might not happen -- then the GDP will go w

Shorter Kedrosky: "Goldman Sachs says that if lots of Americans start buying lots and lots of stuff -- which might or might not happen -- then the GDP will go way up." No attempt to identify a reasonable set of underlying factors beyond private deleveraging or to consider countervailing factors. E.g., the widely predicted 10 - 20% continued fall in housing prices as larege numbers of delayed foreclosures kick in this coming year, with subsequent loss of consumer confidence.