goldman sachs

goldman sachs

The Republican Tax Plan Is Very Swampy

Unsurprisingly, the Republican tax plan moving forward in the U.S. Congress and championed by Donald “Drain the Swamp” Trump, is very swampy...

Frontrunning: November 16

  • Senate Panel Approves Tax Plan as GOP Leaders Gird for Fight (BBG)
  • U.S. towns, cities fear taxpayer revolt if Republicans kill deduction (Reuters)
  • After House Victory, Tax-Overhaul Fight Now Goes to Senate (WSJ)
  • Analysts flee Wall Street with gallows humor as research changes loom (Reuters)
  • Tesla Unveils ‘World’s Fastest Production Car’ and Electric Big Rig (BBG)

Keep Calm & Carry On

“Before long, we will all begin to find out the extent to which Brexit is a gentle stroll along a smooth path to a land of cake and consumption...”

Why Australia's Economy Is A House Of Cards

"For over a quarter of a century our economy mostly grew because of dumb luck... As a whole, the Australian economy has grown through a property bubble inflating on top of a mining bubble, built on top of a commodities bubble, driven by a China bubble....Unfortunately for Australia, that “lucky” free ride is just about to end..."

Mauldin: The Distribution Of Pain

"Our socioeconomic situation is not going to get better, not for a long time... we’re going to see increasing tension and fragmentation in our society."

GPIF Is About To Bite Back

"In essence, the BoJ engaged in a massive quantitative easing program where they printed bonds to buy stocks (through their public pension plan)... Well, guess what happened this week? The GPIF has now reached their 25% allocation to domestic stocks..."

Jail, Drugs And Video Games: Why Millennial Men Are Disappearing From The Labor Force

Prime-working age men - particularly Millennials - have failed to return to the labor force while women have reentered. While this partially reflects a growing skill mismatch, a far more troubling explanation includes greater drug abuse, rising incarceration rates and more men "dedicating" themselves to playing video games. BofA explains...

Goldman's Top Strategist Reveals The Two Biggest Risks To The Market Today

"We’ve also seen a growing allocation of retail and institutional money into “premium chasing” quant strategies, including, for example, ETFs that sell equity vol. I think many of these developments are positive, but the associated market structure remains largely untested. So I would not rule out the risk of a glitch that triggers, say, a 5-10% correction."