"When things are going well people become greedy and enthusiastic, and when times are troubled, people become fearful and reticent. That’s just the wrong thing to do. It’s important to control fear and greed... Too little skepticism and too much eagerness in an up-market – just like too much resistance and pessimism in a down-market – can be very bad for investment results."
"I still hate crude oil and believe the next surprise will be lower rather than higher. But a little weekend thinking has forced me to re-evaluate the true extent of the supposed extreme speculative positioning..."
"... rather than strengthening established media institutions, banning fake news might very well undermine them in the eyes of the public. If alternative outlets are prosecuted or shut down, mainstream media risk being seen as unofficial propaganda tools of the powers that be. "
With every passing week Goldman has been turning increasingly more pessimistic on Trump's proposed fiscal and budget plans, and it all culminated in a report released over the weekend, in which Goldman's Alec Phillips explains that over the next few months fiscal reofrm watchers will be disappointed as "three factors will make this year’s budget plans even more difficult to put together."
When discourse becomes impossible, the checks and balances that keep our country from going too far in one direction cannot work. When dissent is met with violence, it begets more violence. America is being divided, and it simply has to be deliberate.