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

Tyler Durden's picture

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Fred Hayek's picture

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

unwashedmass's picture


it means they are selling everything including the kitchen sink.

HardwoodAg's picture

As the squid competes with our black flies for the little remaining blood still flowing.

TruthInSunshine's picture

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.

Robslob's picture

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.

Max Hunter's picture

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

Careless Whisper's picture

Since Ben Brafman was retained by the IMF head, does that mean he won't be available to represent anyone at Goldman?


TideFighter's picture

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

+1, sorry,  +2 (plural)

jkruffin's picture

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.

Dapper Dan's picture

Be carefull,  and I think you know what I mean.


aheady's picture

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

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

jkruffin's picture

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.

Havana White's picture

"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?

HedgeFundLIVE's picture

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 well

TooBearish's picture

Complacency RULES - BTFD!

Buyemall's picture

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

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 ?

Havana White's picture

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

Ferg .'s picture

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

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.

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...