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Goldman On Why It Is Still Constructive On The EURUSD, And Thus The Market

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Mon, 05/16/2011 - 10:53 | 1279176 Fred Hayek
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We remain "structurally constructive"?  What's that from, the Strunk & Tautology style guide to writing?

Mon, 05/16/2011 - 10:57 | 1279189 unwashedmass
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it means they are selling everything including the kitchen sink.

Mon, 05/16/2011 - 11:10 | 1279234 HardwoodAg
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As the squid competes with our black flies for the little remaining blood still flowing.

Mon, 05/16/2011 - 13:29 | 1279812 TruthInSunshine
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Goldman deeply values its loyal clients who pay through the nose only to get raped:

Abacus, Timberwolf & Hudson (amongst undoubtedly many more), oh my!


*Sponsored by Goldman Sachs/JP Morgan for Obama/Biden 2012.

Mon, 05/16/2011 - 11:10 | 1279222 Robslob
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The United States of Goldman Sacks is expected to dip into federal retirement funds to give the Country / Market more room to borrow and continue its ascent, a Treasury official said.

All fixed....Print.

Mon, 05/16/2011 - 11:11 | 1279228 Max Hunter
Max Hunter's picture

So I guess the Goldman's EUR long position is kinda like JP's silver short..

Mon, 05/16/2011 - 11:09 | 1279231 Careless Whisper
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Since Ben Brafman was retained by the IMF head, does that mean he won't be available to represent anyone at Goldman?


Mon, 05/16/2011 - 11:16 | 1279243 TideFighter
TideFighter's picture

We remain "structurally constructive"?  What's that from, the Strunk & Tautology style guide to writing?

+1, sorry,  +2 (plural)

Mon, 05/16/2011 - 11:13 | 1279245 jkruffin
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The best thing someone could do right now to save America, is blow Benny's brains out all over the concrete sidewalk.  This scam they have going on Wall Street is flat out ignorant and makes no sense. I cannot believe our Congress has let this scam run this long without reeling in this fiasco.  We have some of the dumbest people running our country. It is flat out unreal.

Mon, 05/16/2011 - 11:22 | 1279279 Dapper Dan
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Be carefull,  and I think you know what I mean.


Mon, 05/16/2011 - 11:32 | 1279321 aheady
aheady's picture

It's sad that you think they're dumb.

Mon, 05/16/2011 - 11:38 | 1279329 Gimp
Gimp's picture

JK you know this site is monitored by the "matrix" I too would be careful on choice of words, direct threats could be considered structurally constructive courses of action...just saying, no anonimity on the web, not really

Mon, 05/16/2011 - 11:43 | 1279345 jkruffin
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That is no where near a direct threat, saying what someone should do is not a threat. It is called free speech!

direct threat means a significant risk to the health or safety of others that cannot be eliminated by reasonable accommodation

If the government is/was monitoring this site in the 'matrix' then they will realize people are getting FED up with the FED and their thieving change the rules as you go, make up new rules as you go, mentality. What they are doing is not helping the people of this country, they are trying to help themselves, to any pot of money they can get their grubby paws on.

Mon, 05/16/2011 - 11:24 | 1279278 Havana White
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"Together with the financial, fiscal and economic strength of the Eurozone as a whole, the situation in the small countries Greece, Ireland and Portugal is highly unlikely to be genuine threat to the Euro."

What, Spain's strength alone neutralizes?

Mon, 05/16/2011 - 11:39 | 1279331 HedgeFundLIVE
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meanwhile, the aussie currency is one of the best in the world right now. The problem I see with the Aussie is that Oil has not been able to put up a good fight, signaling that the Aussie may be weakening as wellhttp://www.hedgefundlive.com/blog/currency-market-analysis-eurusd-and-audusd

Mon, 05/16/2011 - 11:49 | 1279383 TooBearish
TooBearish's picture

Complacency RULES - BTFD!

Mon, 05/16/2011 - 12:00 | 1279435 Buyemall
Buyemall's picture

OK for now but in a few months.....

Mon, 05/16/2011 - 13:50 | 1279816 Ferg .
Ferg .'s picture

"...apart from the Euro, things seem to stabilise otherwise. Greek 2yr yields have been stable, slightly below 24 percent for about 3 weeks..."


Does anyone else find the use of this stat as a supportive factor incredibly comical ?

Mon, 05/16/2011 - 13:34 | 1279832 Havana White
Havana White's picture

Yes, ferg. A "cough" emoticon would be useful before the number 24. Yeah, I laughed out loud.

Mon, 05/16/2011 - 13:52 | 1279899 Ferg .
Ferg .'s picture

If it keeps rising it'll warrant more than a "cough" emoticon I think .

Mon, 05/16/2011 - 14:24 | 1280029 Nine Pies
Nine Pies's picture

Well I just made the opposite bet on the Euro, so we'll see what happens.  Generally don't like to be betting against the house in a rigged game.

Tue, 05/17/2011 - 04:44 | 1282220 Mr Sceptical
Mr Sceptical's picture

Well Jim O'Niel in his report writes....


"Anyhow, either way, it seems to me that a bigger risk premia is still necessary for the Euro. I can’t see how it can remain

at about 1.40."


I think they have win/win situation. So, ya the house always wins...


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