Railroad Strikes Won’t Be a ‘Black Swan’ Event, Goldman Sachs Says
Written by Black Hot Fire Network on September 19, 2022
- More than 90,000 freight railroad workers are preparing to strike for better pay and more time off.
- Officials have warned that the strikes could cost the US economy $2 billion a day.
- But the strikes won't cause an economic 'black swan' event, Goldman Sachs's Jan Hatzius said.
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Striking freight-railroad workers are unlikely to trigger an economic shock, despite officials' warning that a walkout could curb growth and drive up inflation, according to a leading Goldman Sachs strategist.
Jan . . .
