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I would like a source for that claim

It's a GS projection:

http://www.goldmansachs.com/s/GMeT_othermailings_attachments/63488662514238375059101.pdf

And no, trade figures for 2012 do represent the past of business that has been completed and payed for. File closed. Current order books and business plans have to take into consideration a horizon of 2020 at the very least.

by The European on Mon Mar 11th, 2013 at 07:14:38 AM EST
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That is nonsense. We know about the recent past, in this case 2012. We only guess about the future. So if we want to know, the recent past is closest to the present we can get.

And Goldman Sachs - in 2007 they probably made projections how Ireland would grow into the largest european economy or something.

by IM on Mon Mar 11th, 2013 at 07:51:14 AM EST
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You can wipe your arse with Goldman projections. If you have a particular hatred for your gastrointestinal flora.

Come back with a halfway credible source and then we can talk.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Mon Mar 11th, 2013 at 04:13:16 PM EST
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What would a credible source look like? Anyone making projections for 2020 is pulling numbers out of orifices usually reserved for excreting more solid waste.
by generic on Mon Mar 11th, 2013 at 04:42:10 PM EST
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Well. I cannot categorically refuse to consider the possibility that there might, in fact, be a useful projection around somewhere that reaches all the way to 2020.

Proving a negative is hard, after all.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Mon Mar 11th, 2013 at 04:44:18 PM EST
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