Goldman Runs Reality-Based Simulation, Sees Far Lower 2.5%-3.0% GDP Growth In H2 2011-H1 2012

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Wed, 05/04/2011 - 16:48 | 1240150 TruthInSunshine
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Goldman raises Abacus to 'conviction buy list' from 'buy,' because Goldman cares about its valued clients and investors.

Wed, 05/04/2011 - 16:50 | 1240161 Yen Cross
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Publicity Stunts work well?

Wed, 05/04/2011 - 16:59 | 1240187 Re-Discovery
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CNBC just had spot on Carlos Slim selling (or buying? I missed it) silver futures for last several weeks.  Anybody have thoughts on "the play".  Does he own a miner, i.e. hedge?

He has a lot of worthless fiat so it would be interesting to know what he's doing.

Wed, 05/04/2011 - 17:06 | 1240245 Pepe
Pepe's picture

He owns mines. Simply hedging his product price

Wed, 05/04/2011 - 17:07 | 1240258 sabra1
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he's opening a chain of taco bells in pakistan!

Wed, 05/04/2011 - 17:20 | 1240269 Re-Discovery
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Just saw the knuckleheads on fast money discuss.  WOW!  What diarreha of the mouth!  They had NO insight on what his hedge is -- price level duration etc. --  understanding that he odes own mines.

One idiot actually said this two day negative move puts the lie to Silver as a currency substitute because "there is not enough of it!"  What a moron.  Wait, I'M the moron for watching.

Ben has 'em all brainwashed.  If you can't print more of it, it can't be currency!

Wed, 05/04/2011 - 17:30 | 1240372 Re-Discovery
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Now I am really pissed.  The ETF MD just says that they have all the silver in a vault on this stupid CNBC show.  Then asked if physical delivery is available and qualified his ass off.

They are lagging the trade (as always) but lying directly on the point of whether they have the silver.

Wed, 05/04/2011 - 16:59 | 1240194 mynhair
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Bummer, someone at GS had to buy gas for that drive to the Hamptons.

Wed, 05/04/2011 - 17:02 | 1240215 Yen Cross
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I'm short xag. CFD style. My 4 contracts are up 60K 46.6 @ 100sma Sunday. I have stated my targets.

Wed, 05/04/2011 - 17:05 | 1240220 Long-John-Silver
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I've already seen a noticeable decrease in vehicle traffic and an increase in bicycles on the roads. All my friends are planning Staycations. I've already seen tents going up in backyards with wading pools so the kids can play beach vacation. The tourism industry is going to shit this summer along with all sorts of industry. Dominos Bitchez!

Wed, 05/04/2011 - 17:11 | 1240286 mynhair
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Even the Wif canceled her European Vacation this year.

Dammit, 2 weeks of baching it - gone forever.

Wed, 05/04/2011 - 17:25 | 1240333 TruthInSunshine
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I've already seen a noticeable decrease in vehicle traffic and an increase in bicycles on the roads. All my friends are planning Staycations. I've already seen tents going up in backyards with wading pools so the kids can play beach vacation. The tourism industry is going to shit this summer along with all sorts of industry. Dominos Bitchez!



Blue Skies
Wed, 05/04/2011 - 17:06 | 1240229 Pepe
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one of these days treasuries are going to be priceless. That is, can't price something no one wants

Wed, 05/04/2011 - 17:05 | 1240243 carbonmutant
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No more growth without war...

Wed, 05/04/2011 - 17:31 | 1240391 css1971
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Wed, 05/04/2011 - 20:41 | 1241393 AccreditedEYE
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Wed, 05/04/2011 - 17:10 | 1240274 csmith
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He's dead Jim...I'm a doctor, not a miracle worker!

Wed, 05/04/2011 - 17:11 | 1240288 disabledvet
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I will always think lesser of The Squid for not telling me not only that he's going to eat me but precisely how he's going to do it.  "Billy Jack Squid," GS..."or you're a nothin'."

Wed, 05/04/2011 - 17:17 | 1240301 ivars
ivars's picture

There is no reason to think gas prices will not go up.

By the way- some proof that silver is crashing for now ( and to 30):


Wed, 05/04/2011 - 17:21 | 1240318 Bazooka
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Ok, so Gold and Silver are acting still like the equities....when equities fall, gold and silver fall and vice versa.

This sync is why im not convinced that Gold and Silver are safe havens, rather they are another pair of equities. If stocks were declining, why didn't Silver and Gold rush up since everyone perceives them as safe havens?

The dollar has nearly everyone spitting on it...but to me, what a ripe chance to buy the USD in the form of UUP. When dollar reverses, and it will, as negative sentiment against it is stretched tighter than any rubber band, it will spring and pounce up.



Wed, 05/04/2011 - 17:26 | 1240366 mynhair
mynhair's picture

Did you miss the recovery in miners today?  Confused over paper and physical still?

Wed, 05/04/2011 - 19:52 | 1241211 nodoctor
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I think you are right for the short term though eventually the decoupling will happen. I am in FAZ and ZSL right now looking for another 30 days in ZSL and maybe another year in FAZ.

Wed, 05/04/2011 - 17:36 | 1240417 buzzsaw99
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Helpless people on a subway trains scream "My God" as he looks in on them.



Wed, 05/04/2011 - 20:45 | 1241405 AccreditedEYE
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Before the end, The Squid will be responsible for more deaths than Cecil B. DeMille.... inflation adjusted of course.  

Wed, 05/04/2011 - 17:44 | 1240463 Eireann go Brach
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Carlos Slim is a fat bastard!

Wed, 05/04/2011 - 21:49 | 1241631 Mark Noonan
Mark Noonan's picture

I just want to know - how do I get that job?  I mean, come on, how hard can it be to remain 3 months behind the curve on financial developments?  Its like getting a job predicting the winner of the 2011 Super Bowl.

Wed, 05/04/2011 - 23:43 | 1241920 dellbalboa
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In other words, Goldman sachs will take a cut of a dollar for every gallon of oil, thanks to operations at ICE in London.



Thu, 05/05/2011 - 01:54 | 1242122 Jovil
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Most people have put aside the tragedy in Japan and what that nuclear fallout means for them and for the rest of the world. Japan is a small island and with wind currents changing often the whole island is being complitely uninhabitable and every man, woman and child have a death warrant in a not too distant future. It is not only water, food, milk, etc. contaminated but everything is. Do I want to drive a new Honda built in Japan. No! If I was a mechanic would I be happy replacing a part on a Japanese car knowing that the contaminated that part came from Japan. No!

The supply line has been disrupted with many unfinished Japanese cars around the word in factories waiting for parts from factories that were partially destroyed. The same with LCD TVs, electronic components, etc. that can't be finished because they are awaiting Japanese parts. In July, it will be the first complete quarter since the tragedy that corporate results will reflect the drop in sales and profit and they will be forecasting a similar next quarter. Analysts live by those quarterly reports and with markets at a titering high, can come crashing.

I think you owe it to yourselves to check this out at




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