In 2011, going nowhere was better than going to hell in a handbasket, which is where Goldman Sachs told its hedge fund clients the financial markets were going in 2011.

FORBES: What Investors Are Thinking About 2012

Now, if you are firmly in the camp that China is going to hell in a handbasket, then you would naturally assume that the importers and the government are in cahoots and lying about those numbers.

FORBES: A Mixed Picture For China Commodity Demand

The advanced economies are taking the rest of the world to hell in a handbasket, as a Goldman Sachs report to its hedge fund clients famous, or infamously said earlier this year, according to The Wall Street Journal.

FORBES: Connect