goldman sachs

goldman sachs

Scientific Proof ETFs Make Markets Dumber

"Our evidence suggests the growth of ETFs may have (unintended) long-run consequences for the pricing efficiency of the underlying securities."

Maduro Preparing To Swap Venezuela's Gold For Dollars

“The national government, through the central bank, is going to try to swap gold held as reserves for dollars to stay in power unconstitutionally,” according to the letter signed by National Assembly President Julio Borges.

Goldman Asks: Are Markets Rationally, Or Irrationally, Exuberant?

The distinction between rational and irrational sentiment matters. If improvements in sentiment “rationally” reflect recent macro data or “news” about future developments, they likely foreshadow stronger growth. But to the extent that sentiments are “irrational,” they leave the economy more vulnerable to cycles of overheating and correction.

FBI Arrests Former Susquehanna Trader For Stealing HFT Code

An HFT software developer and trader was arrested last Wednesday in New York for attempting to steal quantitative trading code from Susquehanna International Group, a secretive financial firm based in the Philadelphia area that specializes in making markets for options.

Global Stocks Slide As Iron Ore Crashes; Pound Jumps After UK Calls Snap Elections

European stocks slide  s traders return from a 4-day Easter holidays, Asian equities likewise drop pressured by the ongoing rout in iron ore, while U.S. stock-index futures point to a lower open. British markets were roiled after U.K. Prime Minister Theresa May said she would seek an early election on June 8. The FTSE 100 droped 1.3%, on the news, hitting the lowest since Feb. 24

Median LBO Multiple Rises To 10.8x, Highest Since The Financial Crisis

According to a new report by PitchBook, after reaching new highs in 2016, acquisition multiples inched even higher in the first quarter of this year, and as a result the median EV/EBITDA multiple hit 10.8x in 1Q 2017, up from 10.7x last year. That was the highest median multiple paid since the financial crisis.

"The System Itself Is Beyond Repair"

"Trump’s capitulation makes it abundantly clear that the system itself is beyond repair.  Getting the right individual to salvage the American welfare/warfare state cannot be done. "