Goldman Slams USD... Again

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Fri, 06/03/2011 - 15:03 | 1337059 Caviar Emptor
Caviar Emptor's picture

Slumping into the long, hot summer.

Sometimes, you just can't catch a break. 

Everything smelled like roses just a couple of months ago. Now everything smells like garbage.

Fri, 06/03/2011 - 16:00 | 1337358 IdioTsincracY
Fri, 06/03/2011 - 16:20 | 1337437 trav7777
trav7777's picture

so, wait...the debt ceiling isn't till August now???

Fri, 06/03/2011 - 15:04 | 1337063 SparkyvonBellagio
SparkyvonBellagio's picture

GS has been very USA negative recently, because they know they U.S. GOVT is going to give up protecting them.


They're going down I feel.

Quicker than a Client #9 ho.

Fri, 06/03/2011 - 15:02 | 1337072 slow_roast
slow_roast's picture

Good point.  The frightening thing is that Goldman has more power and ability to influence the Fed and economic outlook than any government institution.

Fri, 06/03/2011 - 15:31 | 1337193 Arius
Arius's picture

yep - be afraid of a cornered rat...

Fri, 06/03/2011 - 15:52 | 1337324 SparkyvonBellagio
SparkyvonBellagio's picture

I hope a rat gnaws bankinfines knee caps off.

Then tried and true Americans pour salt and sulphur in it's wounds.


Fri, 06/03/2011 - 19:24 | 1337987 rocker
rocker's picture

+10   That a new one, 'bankinfines'.  That's so fukn funny.  LMAO

Fri, 06/03/2011 - 16:22 | 1337442 trav7777
trav7777's picture

the USG is also such a rat, and it is far larger and hungrier than GS

Sometimes the confettiers don't win

Fri, 06/03/2011 - 16:47 | 1337515 NumberNone
NumberNone's picture

GS Loses (wink-wink) $1.3 Billion of Libya's Sovereign Wealth Fund...sure they did.  Who had the other side of the bets?  Any guesses anyone?

Amazing that GS loses a billion of Libya's money, gets threatened by Libya, GS makes promises to make Libya whole, but before the deal can be completed war breaks out with Libya...suddenly it's "Fuck You Libya, come get your money".

Tie this bullshit to Blair-Rothschilds friendship, et al... suddenly Gaddafi looks like a marked man that pissed off the wrong money people.  Time to collect.


Sat, 06/04/2011 - 07:58 | 1338988 BigDuke6
BigDuke6's picture

Yes.  The whole grubby story is here - goldman giving backhanders to despot family members.

They are bad people.

Fri, 06/03/2011 - 15:01 | 1337067 slow_roast
slow_roast's picture

Soon traders will receive account credits for opening ES positions.  CME

Fri, 06/03/2011 - 15:05 | 1337068 PaperBear
PaperBear's picture

Is this transitory too ?

Fri, 06/03/2011 - 15:03 | 1337075 lizzy36
lizzy36's picture

Rumor has it that Goldman was size buyer this morning around Euro 1.4480 level.

Odd that they would come out with this note this afternoon.............

Fri, 06/03/2011 - 15:08 | 1337080 Caviar Emptor
Caviar Emptor's picture


Fri, 06/03/2011 - 15:17 | 1337120 dracos_ghost
dracos_ghost's picture

Probably have inside info regarding the Greeks acceptance of EU/IMF terms over the weekend.

Fri, 06/03/2011 - 16:20 | 1337446 trav7777
trav7777's picture

amazing is how ECB's QE seems to be euro-positive.  Perhaps there is something lurking beneath the bushes on this

Fri, 06/03/2011 - 15:07 | 1337076 AldoHux_IV
AldoHux_IV's picture

Ok we get how you feel... but what is the prop desk doing?

Dig it.


Fri, 06/03/2011 - 15:08 | 1337077 carbonmutant
carbonmutant's picture

Are they buying...?

Fri, 06/03/2011 - 15:08 | 1337084 Alcoholic Nativ...
Alcoholic Native American's picture

Where exactly is the GS headquarters?


edit: N/M, it's in new york.

Fri, 06/03/2011 - 15:13 | 1337094 Franken_Stein
Franken_Stein's picture


200 West Street, downtown Manhattan, New York, New York, USA


World Financial Center / World Trade Center (Ground Zero)


Fri, 06/03/2011 - 15:14 | 1337119 Alcoholic Nativ...
Alcoholic Native American's picture

Yea, I just looked it up, I was thinking it was in Tel Aviv for some reason.

Fri, 06/03/2011 - 15:20 | 1337143 Shell Game
Shell Game's picture

On the south shore of the river Styx.

Fri, 06/03/2011 - 15:09 | 1337087 Bob
Bob's picture

Pure feeling, and nothing but.  Too much money sloshing around in a too criminal enterprise . . . we shouldn't even be having this discussion. 

Fri, 06/03/2011 - 15:07 | 1337089 PaperBear
PaperBear's picture

GS execs going to trial for the CDS fraud in a Greek court and in a court in the USA.

If any execs get convicted in both Greece and the USA then I am all for chopping them in half so they can go to jail twice.

Fri, 06/03/2011 - 15:13 | 1337112 Franken_Stein
Franken_Stein's picture




But cover the lower half, otherwise it'll rain in.


Fri, 06/03/2011 - 15:07 | 1337092 GeneMarchbanks
GeneMarchbanks's picture

When Moody's is warning you... ... that's bad. Those guys are real 'tards.

We're going into the 60's on the DXY before summer end. I dislike making predictions but this one seems a good bet. We'll see...


Fri, 06/03/2011 - 15:14 | 1337102 SheepDog-One
SheepDog-One's picture

OK so USD guaranteed to pop straight up and Euro and all others down. Well for some 48 hour period anyway before it all flip flops the other way.

Fri, 06/03/2011 - 15:15 | 1337103 TruthInSunshine
TruthInSunshine's picture

Everything is breaking down.

None of the old tricks work anymore. We're seeing dollar down, equity market down, commodity market down days.

At some point, the realization as to how truly awful and in what utter shambles the structural and organic economy is in will dawn on even the most loyal of the Main Stream Media watching/listening sheeple, and there won't be any tricks or ability to deceive any longer left on the table. Some will refer to this as some sort of great awakening, in retrospect.

Are we there or on the cusp of being there now? I don't know, but based on my personal interaction with the world, I'd have to declare that, yes, we are indeed at least on the very edge of the cusp, and it's going to accelerate rapidly if I'm correct in that some of the most naive are beginning to see a portion of the ugly reality that government, media and Wall Street/Banking sock puppets have been doing their best to conceal.

Any actual green economic shoots withered a long, long time ago, and now even the propagandist slogan of 'green shoots' has withered.

The real question that should be on the minds of the enlightened is not whether there will or will not be additional monetary policy by Bernankincide similar in form or size to past iterations (whether it's called QEx or TWy), but rather, whether any such further monetary policy are likely to create similar results as in the past.


Fri, 06/03/2011 - 15:18 | 1337134 Alcoholic Nativ...
Alcoholic Native American's picture

Never underestimate propaganda lol. I'm sure they will pull something out of their hat.  Just the other week they said they killed Osama Bin Laden and everybody bought it.  You know technically, we are not even in a recession.

Fri, 06/03/2011 - 16:24 | 1337459 trav7777
trav7777's picture opposed to losses of greater than that MONTHLY in men, materiel, fuel, and related equipment in these wars we run?

FY11 has these two at budgeted cost of $170B

Fri, 06/03/2011 - 15:15 | 1337106 alien-IQ
alien-IQ's picture

that should pretty make a E/U closing nose dive a near certainty.

Fri, 06/03/2011 - 15:16 | 1337110 Josh Randall
Josh Randall's picture

2 reasons: Payback for the suponea; and help threaten the debt ceiling resistors

The squid can rot -- it will one day, because as soon as their clients are sucked dry, they will be dead themselves, thats the thing with parasites in a small aquarium, they will end their own life eventually with their last host

Fri, 06/03/2011 - 15:26 | 1337184 Bob
Bob's picture

last i knew, all of humanity was hosting gs.  did i miss an update?

Fri, 06/03/2011 - 15:17 | 1337115 Cheesy Bastard
Cheesy Bastard's picture

Goldman has never decieved anyone, ever.   Very possibly the opposite will happen; equity weakness and dollar strength on a weak euro.

Fri, 06/03/2011 - 15:14 | 1337117 buzzsaw99
buzzsaw99's picture

such a nice bank holding company.

Step 1) Secure gubbermint guarantees.

Step 2) Bite the hand that feeds.

it's a man baby!


Fri, 06/03/2011 - 17:01 | 1337555 NumberNone
NumberNone's picture

It's manbearpig.. 



Fri, 06/03/2011 - 15:17 | 1337118 Caviar Emptor
Caviar Emptor's picture

So where are we now? 

Full blown deflation in the housing and jobs market (aka Main Street) in the midst of a Fed-distorted stock and bond market and incipient inflationary pressures hurting margins and consumers. S&P earnings estimates already on the decline. ECRI weekly leading index down 6 in a row. 

Not even the vaguest suggestion from "our leaders" that we should do anything differently. In fact, they want more of the same: upper income tax breaks (boy that sure worked) and cuts in benefits that disproportionately impact the middle class (can't catch a break). And let the Fed keep working it's magic. 

The outcome is certain. 

Fri, 06/03/2011 - 15:15 | 1337124 connda
connda's picture

Thanks Goldman -- Buy USD.

Fri, 06/03/2011 - 15:16 | 1337126 suckerfishzilla
suckerfishzilla's picture

This will hurt most the people who aren't paying any attention to that boring subject of economics finance what have you.  Don't get me wrong in my eyes I find this just a new despicable maneuver on the part of Goldman. The Bankers think that they are going to take everybody down with them.   They really live an a world of opulent illusion.  I can't wait to see the videos of how the public will deal with them in the end. 

Fri, 06/03/2011 - 15:23 | 1337169 Alcoholic Nativ...
Alcoholic Native American's picture

Yea, right, our cream of the crop west point retards were chanting USA USA USA as they faked killing Osama the other day, the general public is even less likely to put blame where blame is due.  Bet on it.

Fri, 06/03/2011 - 16:26 | 1337465 trav7777
trav7777's picture

you want another Holocaust?

Fri, 06/03/2011 - 16:32 | 1337482 suckerfishzilla
suckerfishzilla's picture

What I want seems to be insurmountable.  End the nuke industry end the fed irs cia.  End hemp and pot prohibition.  I've been watching this crap for more than half a century.  It is getting worn out.

Fri, 06/03/2011 - 16:39 | 1337496 suckerfishzilla
suckerfishzilla's picture

What kind of question is that?  We all are capable of reason here except for the paid trolls.  There is a criminal cartel controlling money and finance in the USA.  Watching them get the Mussolini treatment would be worth the wait.  A holocaust would mean punishing a segment of the public in a social witch hunt?  Are you serious?

Fri, 06/03/2011 - 15:24 | 1337150 user2011
user2011's picture

GS has been accused of manipulating the oil market.   With Obama trying to suppress the oil price.  GS raised their target on oil.   Now, they are being subpenoed for another case.   And GS continue to show their attitude by downgrading the USD.    I think it tries to sink Obama meanwhile try to gouge profit on the oil market.     With inventory up and economy down around the globe, the only way to push the oil prices are war in middle east and weak dollar.  

I doubt GS can start a war in OPEC countries just like that, so they choose to downgrade USD.



Fri, 06/03/2011 - 15:21 | 1337151 drshock18
drshock18's picture

OR they're just pulling the old Goldman bait and switch right before QE 2 ends.

Fri, 06/03/2011 - 15:24 | 1337170 Silver Bug
Silver Bug's picture

I've learned long ago not to believe anything these crooks say. Obviously the USD is heading lower long term.

Fri, 06/03/2011 - 15:34 | 1337215 Zing
Zing's picture

No way we breach the recent lows on the DXY.  There has to be massive strengthening before they can begin QE3.  Everyone trading end of the dollar is about to lose a lot of money.

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