Goldman: Economic Environment "Becoming Less Pleasant"

A few brief excerpts from a note by Goldman Sachs chief economist Jan Hatzius: Less Pleasant The 103k jobs gain in March was well below expectations. Part of the miss reflects a greater-than-expected payback for prior strength in weather-sensitive sectors such as construction and retail. But other industries were also soft, prior months were revised down on net ... While growth is looking softer, it remains far from soft. ... We view the widening of the LIBOR/OIS spread as a technical and mostly temporary consequence of the international provisions in the new tax law, rather than a sign of......(read more)

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