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According To Goldman's Jim O'Neill, The MENA Revolutions Are "Essentially Rather Bullish"

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Mon, 02/28/2011 - 13:07 | 1004138 Charlie Bravo
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Those guys at Goldman Sucks have no shame.

Charlie Bravo

Mon, 02/28/2011 - 13:09 | 1004139 CPL
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Rose colour glasses are on sale in florida people.  Get them while they are available.

Mon, 02/28/2011 - 13:10 | 1004141 NotApplicable
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I just saw this over on FT Alphaville and don't see anything here on ZH yet.

LSE Under attack.


It seems both LSE and ASX are having difficulties today.


Mon, 02/28/2011 - 13:20 | 1004164 CPL
CPL's picture

Third session in a row.  Thurs and Fri they were halted as well.

Mon, 02/28/2011 - 13:11 | 1004142 unwashedmass
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well, if your goal is the complete decimation of the middle class in the US and complete confiscation of their assets, it would be bullish for you.

Mon, 02/28/2011 - 13:57 | 1004280 ChartreuseDog
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Mon, 02/28/2011 - 13:11 | 1004145 Dick Darlington
Dick Darlington's picture

Wouldn't expect nothing less from Jimbo.

Mon, 02/28/2011 - 13:51 | 1004259 Dr. Richard Head
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Croatia seems bullish then - http://www.youtube.com/watch?v=xJdtybFr_aE&feature=feedlik

Why is itthat RT is the only source really leaking all of these videos? Oh yeah, the videos are not real.  This was done in a studio like CNN and the Desert Storm. Weeee!!!!!

Mon, 02/28/2011 - 13:13 | 1004146 Hondo
Hondo's picture

He's a fool hocking his wares!!  He knows absolutely nothing of the culture of the region....He looks a every revolution as a good investment theme yet ignores this is just one of many over the history of the region.....there is no catalyst for meaningful change......expect GS wants you to believe so.  By doing so they will get you to destroy your wealth by investing in the region and make fees with absolutely no or very little risk to themselves..........by using your savings or wealth.

Mon, 02/28/2011 - 13:13 | 1004147 TruthInSunshine
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I just finished a phone call with one my long-term, 62 year old clients, who is a man of significant means, and who has seen much in his life.

He made a short but succinct remark about the economy. He said that people are in a fog because they can't reconcile what they are reading in newspapers and hearing on the 'telly' (he's from Britain but is a U.S. citizen, too), and what they're seeing with their own two eyes in real life, and the gap between these things has never been greater in his lifetime.

Mon, 02/28/2011 - 13:22 | 1004167 NotApplicable
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That's that ole cognitive dissonance fog, where one isn't sure if they want to see, but doubt that they can survive the blindness.


(CD, tell them what they've won!)

Mon, 02/28/2011 - 13:37 | 1004211 Rainman
Rainman's picture

All Three Rails of Democracy have been captured by the Bigs. The world is in a perfect environment for lingering fog.

Mon, 02/28/2011 - 13:13 | 1004148 pendragon
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northern monkey

Mon, 02/28/2011 - 13:20 | 1004152 TruthInSunshine
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Oh, as far as gasoline prices are concerned, U.S. gasoline inventories are beyond their highest levels in 21 years, now.

"...gasoline inventories in the US are still at the highest level since 1990..."

WTI quiet
Mon, 02/28/2011 - 13:39 | 1004219 TruthInSunshine
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Following up here, this is the laughable headline from the home of Andrew Ross Sorkin (i.e. The New York Times), on today's "Wall Street Action:"


Oil Prices Ease; Wall Street Moves Higher
Mon, 02/28/2011 - 13:16 | 1004155 redpill
redpill's picture

Nothing says "investment opportunity" like tens of thousands of dead Libyans

Mon, 02/28/2011 - 13:19 | 1004161 johnnymustardseed
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Looking more broadly into the background of the protests, they seem to have been broadly focused against their current regimes and based around a desire for “a better lot”.


Mon, 02/28/2011 - 13:22 | 1004166 falak pema
falak pema's picture

Florida is right next to Cuba. Do you think he went there secretly and learnt to dance the salsa like a real pro..? It must now be part of GS corporate skills...float like a butterfly sting like a bee...like when we were kings...of hi-flying WS...not of the boxing ring...that's hard work, smells of your own honest blood and sweat. Not that of other...suckers.

Mon, 02/28/2011 - 13:23 | 1004170 tahoebumsmith
tahoebumsmith's picture

And when all these starving people in the Middle East wake up to the reality that the likes of Goldman and all the other IMF backed CRONIES are behind their demise, you won't be enjoying sunshine on the beach anylonger. You will have to hide in a dark crack somewhere with all the other ROACHES that continue to turn a crisis into their own personal gain.

Mon, 02/28/2011 - 13:23 | 1004172 redpill
redpill's picture

The last of the first-hand witnesses of the Great War has finally passed on.  A sad generational indicator that TPTB figure we are probably overdue for another big one to make the peasantry drop any notions of curtailing government power.


Mon, 02/28/2011 - 13:26 | 1004178 Josh Randall
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War profiteering never goes out of style boys; Now grab your Carpetbag and get to work

Mon, 02/28/2011 - 13:26 | 1004179 JenkinsLane
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Mon, 02/28/2011 - 13:28 | 1004185 Johnny Lawrence
Johnny Lawrence's picture

I'm assuming "Goldman Sachs Asset Management" is their mutual fund arm?  If so, what else do you expect from someone whose income is directly linked to keeping people in the equity market?

Mon, 02/28/2011 - 13:28 | 1004186 Oh regional Indian
Oh regional Indian's picture

It's all bullish. War is bullish, peace is, of course, bullish, glut is bullish, famine is even more bullish, civil war is locally bullish, all out grand war is super bullish.

And here is something I'm sure everyone here has given a thought to at some point.

Bullish is painful. An upward toss on the pointed tips of a bulls horns? What's with that analogy? And a Bear swipe down?
The law of the jungle is deeply embedded in Wall Street Symbology.


Mon, 02/28/2011 - 13:29 | 1004191 John Law Lives
John Law Lives's picture

I suppose people feel empowered to say bold things when they can commit misdeeds and basically get away with it with a slap on the wrist... and print massive bonuses for themselves a year later.

Goldy = Satan incarnate?


Mon, 02/28/2011 - 13:32 | 1004194 lsbumblebee
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If you read that one sentence as "My friend Mena has the potential to be built like a brick shithouse", and ignore the rest of the article, then it kinda sorta makes sense.

Mon, 02/28/2011 - 13:36 | 1004200 truont
truont's picture

this revolution strikes me as being essentially rather bullish.

Right now, Goldman analysts are running an office pool to see who can come up with the most inane, neuron-wilting statements, yet still have their dumb-as-shit retail customers believe it.

With this analysis, I think Jim just pulled ahead...

And everyone on this board is now dumber for having listened to this.


Mon, 02/28/2011 - 13:35 | 1004206 monger
monger's picture

and yet..GS is looking to control facebook and the JPM is sniffing at twitter's butt.

weren't these two of the prime avenues the revolutionaries used?

GS is looking at these as a good thing?  because they want to empower people?  the brooklyn bridge is almost in my view and i can show it to any interested buyers..

Mon, 02/28/2011 - 16:17 | 1004722 viahj
viahj's picture

thanks for this, a very important point because when the sheeple start to organize to burn down your banks...


i guess they are thinking that Obama may not get his internet kill switch so they will buy their own

Mon, 02/28/2011 - 13:37 | 1004209 williambanzai7
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Mon, 02/28/2011 - 14:12 | 1004324 Josh Randall
Josh Randall's picture

Top Notch, Top Notch!

Mon, 02/28/2011 - 13:40 | 1004222 Squids_In
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The problem is Jim ... we have a global intifada going on. All authoritarian and expoitative regimes are ultimately in the firing line. That includes most of the corporates listed on the major exchanges. Profit margins are not socially defensible at these levels and could easily go in half. Corporations pay very low taxes on these outsize profits. I could see the effective tax rates double with the closure of some of the most obvious loopholes.

There you have it, earnings atributable to shareholders could easily go down 75% - and the world would rejoice.

So no Jim, I don't think this revolution is bullish.

PS. Goldman is a prime candidate to get the WikiLeaks treatment.

Mon, 02/28/2011 - 13:42 | 1004224 falak pema
falak pema's picture

wb7 says it so eloquently, I'm sh****** bricks of laughter.

Mon, 02/28/2011 - 13:44 | 1004229 AnAnonymous
AnAnonymous's picture

Niall Ferguson is really one intoxicated by his own spin. He can no longer tell reality from his lies. His lies have become his reality.

Mon, 02/28/2011 - 13:44 | 1004230 disabledvet
disabledvet's picture

Well I've kicked around a lot since High School, done a lot of nowhere gigs.  Keyboard man in a rockin' style band to haulin boss crude in big rigs.      Well i've back home to plan next move from the comfort of my cuzn Joe's couch--when I see little niece Janinine walk in and all i can say is OUCH!

Mon, 02/28/2011 - 13:47 | 1004236 curbyourrisk
curbyourrisk's picture

According to Goldman everything is bullish.  So just buy the fucking dip....

Mon, 02/28/2011 - 14:01 | 1004292 AnAnonymous
AnAnonymous's picture

Labour is a drain on resources.

Mon, 02/28/2011 - 14:14 | 1004328 Cash_is_Trash
Cash_is_Trash's picture

I suppose cold-blooded crackdowns on popular democracy is bullish.

How about I kill your whole fucking family Jim and go long on funeral homes and gravediggers you sick fuck!

Mon, 02/28/2011 - 14:34 | 1004393 equity_momo
equity_momo's picture

Exactly.  I wonder if Jimbo was also making a market in dead Kiwis last week during his vacation?

Karma is a bitch Jimbo. 

Mon, 02/28/2011 - 14:16 | 1004333 Fíréan
Fíréan's picture

There's only one letter missing from BULLISH , to make it an acronym of that which comes out of the Tail end of the animal.

there was something else i had to add yet forgot .

Mon, 02/28/2011 - 14:23 | 1004358 jus_lite_reading
jus_lite_reading's picture

Fu*king imbecile. I worked with a whore at %^&*(*&^ with the same mentality and to this day I depise his guts.

Mon, 02/28/2011 - 14:26 | 1004365 Ahmeexnal
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Bernanke to head to be announced PanArab Islamic Reserve Bank.

The PAIRB will be responsible for monetary functions in all newly democratized MENA countries. The new currency, to be denominated BENBER, will be common to the new economic powerhouse that is emerging south of Europe.

Mon, 02/28/2011 - 14:31 | 1004377 Ahmeexnal
Ahmeexnal's picture

And...newly released documents show what everyone knew: "left wing commies" are nothing more than CIA lackeys.  Ted Kennedy met with them in brothels:



Mon, 02/28/2011 - 14:38 | 1004403 TruthHunter
TruthHunter's picture

Rather bullish?

Which end of the bull?

Mon, 02/28/2011 - 14:39 | 1004406 trav7777
trav7777's picture

oh jeez, more muslim boogeymen from JewStreet analysts...lol

Mon, 02/28/2011 - 15:38 | 1004606 Art Vandelay
Art Vandelay's picture

Uh, yeah - O'Neill, typical Jew.


Grow up, asshole.

Mon, 02/28/2011 - 14:54 | 1004452 The Count
The Count's picture

Yes, I knew it. The aliens have started putting even more of their secret stupid making drug into our water supply. Wont be soon now until we will all be drooling and soiling our pants.

Tue, 03/01/2011 - 02:08 | 1006233 PulauHantu29
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Yes, $3.46 gas is no problem. I'll just use some of my $800,000 TARP Bank Bonus money....(that never trickled down to me).

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