After today's announcement confirming a buyout of Money Partners, the US investment bank has reportedly been urging its investors to sell their shares before a full scale recession hits America.
Merrill Lynch was the first to come forward and state that the US was entering into a recession, with Sachs forecasting that if it isn't currently in the grip of one, it certainly will be by the end of the year.
The bank believes that rates will have to be reduced by just under half in the coming months, with the Fed's hand being forced to cut rates to just 2.5 per cent.
It has reportedly slashed its forecast for US growth this year down from 1.8 per cent to 0.8 per cent.
