Goldman's economists held an excellent conference call this morning analyzing--what else?--the state of the global economy. We'll feature some of the highlights this afternoon.
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Let's start with an encouraging one: Economies and stocks do eventually recover after financial crises. Economies take an average of 2-2.5 years. Stocks, however, usually trough after about a year. So that's this quarter! (Just pray hard we're not Japan).
