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Question by mbush40: If this recession is called “one step from the great depression” then why is Goldman Sach’s making huge profit?
Did anyone make billions in profit during the “Great Depression”?
Best answer:
Answer by scott bBecause Goldman Sachs is just ONE company. It’s not a while economy.
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However bleak the current US economic situation in 2008 is, there is alway an opportunity to make a profit. This is particularly true of stock market investments . However, it takes just the right approach. Even if we’re headed for a recession, stock-pickers are able to succeed. Original Article