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Reggie Middleton and Max Keiser Discussing Goldman Sachs, the Super-Powered race to the bottom three, banks as the “new tobacco companies” and Choking on ZIRP
Here’s my latest with Max Keiser along the requisite related background
opinion. Please scroll 13 minutes into this clip for my latest interview
with Max Keiser discussing Goldman Sachs (remember, I was the first and
original public Goldman Bear), the race to the bottom three (or the triumvirate of super states looking to crash the other two), the banks as
the “new tobacco companies” and the accuracy of my call that banks are
choking on Bernanke’s ZIRP flavored medicine…
You just don’t hear this stuff in the mainstream, do ‘ya?
Related posts:
- JP
Morgan Purposely Downplayed Litigation Risk That Spiked 5,000% Last
Year & Is Still Severely Under Reserved By Over $4 Billion!!!
Shareholder Lawyers Should Be Scrambling Now Wednesday, March 2nd, 2011 - As
JP Morgan & Other Banks Legal Costs Spike, Many Should Ask If It
Was Not Obvious Years Ago That This Industry May Become The “New”
Tobacco Companies” - The Financial Times Vindicates BoomBustBlog’s Stance On Goldman Sachs – Once Again! Friday, January 14th, 2011
- Reggie Middleton On Max Keiser Discussing Tradable Fraud, Goldman’s Facebook Deal & Phantom Bank Earnings Tuesday, January 25th, 2011
- Is It Now Common Knowledge That Goldman’s Investment Advice Sucks??? Tuesday, January 25th, 2011
- Goldman Sachs Latest: Vindicates BoomBustBlog Research, Disappoints Sell Side Cheerleaders, Shows GS Is Just A Bank After All Wednesday, January 19th, 2011
- The
Anatomy Of The Record Bonus Pool As The Foregone Conclusion: We Plug
The Numbers From Goldman’s Facebook Fund Marketing Brochure Into Our
Models Thursday, January 6th, 2011 - There’s Something Fishy at the House of Morgan Wednesday, April 27th, 2011
- Reggie Middleton with Max Keiser on the Keiser Report Discussing Banks, Fraudclosure and Derivative Exposure Thursday, October 28th, 2010
- A Few Questions on Goldman Sachs 3rd Quarter 2010 Results That No One Thought to Ask Wednesday, October 27th, 2010
- Four Facts That BANG JP Morgan That You Just Won’t Hear From The Sell Side!!! Friday, October 22nd, 2010
- JP
Morgan’s 3rd Quarter Earnigns Analysis and a Chronological Reminder of
Just How Wrong Brand Name Banks, Analysts, CEOs & Pundits Can Be
When They Say XYZ Bank Can Never Go Out of Business!!! Sunday, October 17th, 2010
»
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How is that GOOG you were hyping at $600 doing Reggie?
let's just say every good man has their Achilles heal, and Reggie's is the Goo v Apple debate (he stoked up)
nevertheless this is another excellent piece of professional research by Reggie, in his usual 99% bang on target crosshairs
...and needless to say bank bashing or forensic analysis of the bollocks banks are in, especially a TBTF one like JPM, cheers up ZH bloggers no end :))
brilliant. i played it twice. and i like your tie too.
tie knot, perfect! right down to the dimple.
full windsor knot-- favored by old fashioned pigs.
I prefer to think it's favored by those who have taste and love symmetry. (Does that smack of elitism?)
Fab interview RM. Thanks for giving us an insight. So no clear winners in the current currency war on three fronts and a lot of big losers. But we don't know in which order they will come down. Mamma mia!
It would be nice to have your insight on the implications of a possible IMF policy change relative to the EU sovereign bail outs that DSK was pursuing with ECB/Merkel and which his successor, the guy from JPM, may not follow through on, or may re-configure on a different basis. Do you see a potential for a bigger clash between ECB/Merkel's demands and the IMF packages being offered in the ongoing restructuring deals coming up in Euroland?
Now that DSK is toast in a US prison!
That's going to be a tough call, but I assume that DSK's Ryker's Island stay is NOT a positive for Greece, et. al. Too many moving internal political parts for me to clearly discern from the outside.
Reggie - great work. Dick Bove has some catching up to do to reach your level of insight.
Of course he works for a broker, so he is not as unfettered toward telling the real story as you are.
A question - if GS's recommendations do suck, how come their trading desks make so much money?
GS dictates monetary policy for the US and the EU, its super rich clients are sucking all value from every country(US,Ireland,Portugal,Greece, more to follow), entity they infect, like parasitoids killing their hosts. The new IMF managing director,Mario Draghi is a GS vector.
"He was then vice chairman and managing director of Goldman Sachs International and a member of the firm-wide management committee (2002–2005)."
http://en.wikipedia.org/wiki/Mario_Draghi
http://www.automatedtrader.net/real-time-news/77404/eurozone-finance-min...
Just agreed by the banksters who hated the less vicious capitalist DSK, soon to be tortured for doubting IMF rape and pillage policy former managing director and was likely future socialist president of France Straus-Kahn
http://www.counterpunch.org/whitney05162011.html
Becuase their client recommendations do suck! Do you really thing the trading desk acts on the same information, the same way, that is recommended to retail and institutional clients? Think about the Abacus deal!
As a matter of fact, I wager that if GS didn't have a large brokerage and asset management base, their trading would suck - or at very best be just above average.
They never lose because they can move the market to where they want it. No other explanation suffices.
Im just tickled pink that Reggie is doing what he does best! Analysis of financial related matters. The trick to being a true expert is knowing what you are good at and not good at. No doubt he is the best when it comes to housing, and it appears he is also going to be a significant figure on helping us navigate the financial sector decline.
Thanks again Reggie!!!
i'm not sure i agree with that. in fact i think i totally disagree with it "to the extent that history is any guide." the obvious exception is MBS--but in my view "it's the exception that proves the rule" that Goldman Sachs is "well above just average." the Raj case is potentially big because there was an implied accusastion of front running vis a vis Goldman's HQ. I don't think governments make such implications (via Blankfein being made to testify due to a member of the Goldman board passing on deal info to hedge funds) without trying to "make a statement" to the one not being accused of doing anything wrong as well. of course "who would front run just above average?" no one, right?
Not everyone who transacts with Goldman is a "client" even if they say they are. Firms and individuals who hire Goldman for I-banking, M&A or asset management are real clients because Goldman is working for them in an agency capacity and incentives are pretty well aligned. On the whole I think these guys have been pretty happy with their Goldman relationships.
On the other hand, those who merely transact with Goldman (where Goldman is acting as a principal or counterparty) are more properly called "customers" and not "clients".
Buying an Iphone does not make you a client of Apple and gives you little leverage over them in terms of demanding transparency of their operations, outside motives, etc. If you aren't happy with what they're selling (and read Reggie's excellent articles on smart phones) you are free to take your business elsewhere in search of a better deal.
I would say anyone dealing with The Squid on any level would be a "mark", "chump", "patsy" but most of all a "victim". Crooks attract other crooks is the only reason they are still in business, plus the fact they have taken control of the federal government has some attraction for companies and individuals wanting access to this influence.
Hands down, best contributor on ZH.
See, Leo? This is how someone with actual KNOWLEDGE approaches market analysis.
Nice job, Reggie.
dOOdaa...right on.
Reggie - if you were white, you'd be revered. Shame on Wall Street for putting skin above talent.
What?! I'm white and I think Reggie is one of the best and brightest.
Why not pay attention to what Reggie says instead of commenting on skin tones?
He is revered. What do you mean?
Awe Homersimpson, corruption is not prejudice.
Homer...if you had tact..you'd realize we already knew that.
thank you Reggie
Exactly SheHunter - Reggie's been on target for years and is doing quite well for himself given the progress of his research business. I do believe he is a former Wall St. guy. When I was working at a hedge fund we looked into purchasing some specialty institutional research from reggie on a consultative basis but found a more cost-effective way to get data. It was cheaper, but certainly not as good.
Players recognize the rigor of his analysis and the robustness of the models Reggie uses.
http://slv.collective2.com
Huh???? Its what and how Reg writes that keeps him off mainstreet silly. TD isn't exactly on the prime time roster either now is he?
Its what and how Reg writes that keeps him:
On the midway. Carnival barker. A bearish Cramer. 5 rings for a dollar. Try your luck and win a stuffed teddy for the pretty lady.