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Heeeeeere's Abby: Global Themes and Risks From The World's Biggest Permabull...er Cow

Submitted by Tyler Durden on 07/19/2010 20:25 -0400

Just to confirm the earlier post about the uselessness of sellside research, here is the latest overview of global themes and risks (risks? what risks?) from Goldman's former head of something something and the world's biggest permacow. As usual, ignore the conclusions, and focus on the primary data and the charts, which provide useful methods to attain independent conclusions. Slides 43 onward are among the more insightful.

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Mon, 07/19/2010 - 20:31 | 477880 Mr Lennon Hendrix

Good for a laugh at least!

Mon, 07/19/2010 - 20:52 | 477913 -1Delta

so is option volume... lowest level since 07... the VIX will out pace GS GDP estimate

http://www.cboe.com/data/PutCallRatio.aspx

Mon, 07/19/2010 - 21:24 | 477967 Mr Lennon Hendrix

Platinum is going to shell all bystanders into smithereens.

Mon, 07/19/2010 - 20:41 | 477897 buzzsaw99

The biggest risk is if you take advice from a squid. lulz

Mon, 07/19/2010 - 20:43 | 477901 Cognitive Dissonance

Perma Cow? You mean this fine lady?

For those who want the link.

http://www.freewebs.com/fergieboy10/HappyCow%5B1%5D.jpg

Mon, 07/19/2010 - 20:49 | 477909 ZeroPower

Haha nice one

Mon, 07/19/2010 - 22:31 | 478058 Turd Ferguson

+++

I can't believe anyone outside of GS or the studios of CNBS actually takes this crusty, old hosebag seriously.

Tue, 07/20/2010 - 07:19 | 478388 Chemba

there are few at GS that take AJC seriously. She is the proverbial broken clock, and everybody knows it.

Tue, 07/20/2010 - 01:38 | 478260 dellbalboa

She has a great smile ;p

Mon, 07/19/2010 - 20:51 | 477911 mephisto

Abby, you had me at slide 3.

Mon, 07/19/2010 - 20:57 | 477919 imapopulistnow

Cap and Trade propaganda.

Mon, 07/19/2010 - 22:07 | 478030 Careless Whisper

yeah, if she is so concerned about carbon emmissions then she should give up her netjets time share on the g4. i love the chart on page 17 that shows the s&p 500 with significant events, but noooooo mention of the financial crisis/bank bailout. ya know, she isn't even a good song and dance man.

http://www.youtube.com/watch?v=UgPKc9FUC6Y

(r.i.p. michael)

Mon, 07/19/2010 - 20:58 | 477922 Mercury

This presentation was used to support a bullish prognosis? There's hardly a data point in the whole shebang that can be spun positively. The environmental crap and the pension/healthcare liabilities alone are enough to sink the ship and bury it deep into the sea floor.

Mon, 07/19/2010 - 21:07 | 477936 Iam_Silverman

There was an attempt at "happy talk" about consumer credit loosening up. If you read what the slides infer, the banks are only pulling back on issuing credit due to their desire to rein-in risk!

Mon, 07/19/2010 - 21:22 | 477940 LePetomane

Especially the the impending Debt-to-GDP cluster*bleep* on pg 41.

There aren't enough windmills on teh planet to polish that turd.

http://www.cartoonstock.com/newscartoons/cartoonists/whi/lowres/whin289l...

Mon, 07/19/2010 - 21:04 | 477933 Iam_Silverman

My favorite slide is titled:

"Some large numbers remain out of balance"

At least they are trying to price-in the cap and trade legislation that is probably going to be the next large agenda item.

Mon, 07/19/2010 - 21:08 | 477937 lizzy36

For some reason i found this easier to swallow.

http://ftalphaville.ft.com/blog/2010/07/19/290731/the-three-risks-to-global-growth-from-barclays-wealth/

Mon, 07/19/2010 - 21:10 | 477944 Aductor

In other news, AUD/JPY just went parabolic.

Mon, 07/19/2010 - 21:16 | 477950 AccreditedEYE

And did anyone catch this from the House of Whalen? (not Smithers.. :) )

http://us1.institutionalriskanalytics.com/pub/IRAMain.asp

Mon, 07/19/2010 - 21:16 | 477952 Testicular Cancer

You have these people's phone numbers & email addresses! They are pretty brave. I would not display that (if I were them) considering your article about the unfortunate Greek investigative reporter.

As an aside, I just saw that ridiculous POET ad about a farmer who can grow food & fuel from his plot. Really? Just saw the kilowatt prices in this report. I am not paying that farmer for fuel. Burn that Kingsford!

Mon, 07/19/2010 - 23:03 | 478087 carbonmutant

As long as they are supporting the prevailing political agenda they should be safe...

Of course 5 months from now things may be a little different.

Mon, 07/19/2010 - 21:53 | 477962 Cognitive Dissonance

I feel better already. Abby, will you have my child.................as long as you agree to feed, cloth, educate and support the little darling during the coming social, political and financial insanity you helped pump to impossible-to-sustain levels?

Mon, 07/19/2010 - 21:25 | 477971 ozziindaus

GS certainly has an interest in the whole climate change nonsense.

http://www.youtube.com/user/corbettreport#p/u/18/Tn59twRfO64

Now we really know it's a scam.

Mon, 07/19/2010 - 21:37 | 477989 SuperBull

Take a look at page 15. The US inflation outlook in 2011 is 0.3%!!! Page 30, 31 also reads that there are risk control pressures & reduction in Quantitative Easing. In conclusion; GS is expecting a redution in inflation due to lack of money supply guaranteed by the government. This is an excellent pretext for the government to issue more debt.

Mon, 07/19/2010 - 21:43 | 478000 Arius

forget her....here is the real thing

Here is what Ferdi Lips wrote in his book Gold wars. In the book's "Part IV: Gold Rush and the Gold War": "It is estimated that the 'paper gold' market in 1999 is many times larger than the actual physical market. Estimates range from a minimum of 90 to an excess of 100 paper-ounce contracts being written for every ounce of physical gold that changes hands.

In case you wonder who Ferdi Lips is....Mr. Lips was Managing Director for Rothchilds in Zyrich....

here comes the shocking thing....you know when he wrote this...hold your breath....in 2001....

anyone cares to guess what should be the number now....with all these printing going on and when even 72 "analysts" come to realize a tide you cannot hold back and say gold will go over 5.000 it slumps down day after day....i dont know....game over....thats for sure....i give up....nothing to say...you got to be stupid if you dont get it now....

Mon, 07/19/2010 - 21:45 | 478005 johngaltfla