Jim O'Neill of Goldman Sachs Minimizes Recession Risk

The influential Global Asset Management Chairman of Goldman Sachs, Jim O'Neill, does not foresee a double dip recession in the U.S.  Moreover, he does not see a hard landing for the Chinese economy which some, like hedge fund manager and noted China short-seller Jim Chanos, are calling for.  O'Neill's outlook would bode well for stock prices.