• Phoenix Capital...
    07/03/2015 - 20:26
    Greece just took a hit… and once again it’s depositors that will take it on the chin. But this process is only just begun. Similar Crises will be spreading throughout the globe in ...

goldman sachs

goldman sachs
Tyler Durden's picture

Socialists, Central Banks & Credit Is Not Capital





As with all good socialists, central banks have locked the global economy onto but a single path without any possibility of choice. The purpose of all this intrusive nature through finance is actually to dethrone the defining quality that makes capitalism so useful in society’s advance – dynamic destruction. Despite the radical alteration as to what is taught in “business” schools, credit is not capital and it will never be. No amount of math will make it so, but the longer it remains operative the greater the potential we all end up with something even worse.

 
Tyler Durden's picture

Buffett Loses A Bet, Fails To Pay... Again





On a day full of exultation for The Oracle of Omaha, we could not help but see the irony of Warren Buffett losing yet another bet and not paying up...

 
Tyler Durden's picture

Did A Tap On The Shoulder "Prevent" The US Economy From Sliding Into Recession?





It appears The US Ministry of Truth has been hard at work this week...

 
Tyler Durden's picture

First Blythe Masters, Now Goldman Investing In Bitcoin





First it was Blythe Masters (and the Fed). Now, the most important FDIC-insured hedge fund in the world, Goldman Sachs, adds its name to a growing list of Wall Street institutions exploring digital-currency technology’s potential to provide faster and cheaper financial transactions and payments.

 
Tyler Durden's picture

NY Fed Head Of Banking Supervision, And Person Who Handed Over Billions In AIG Profits To Goldman, Resigns





Just three questions here about Sarah Dahlgren's "resignation":

1. Why is she resigning now: is there a crackdown on just how corrupt the Goldman Sachs branch office at Liberty 33 truly is?
2. What will her salary at Goldman Sachs be once she joins the 200 West firm?
3. Which Goldman partner will replace her.

 

 
Tyler Durden's picture

One Heckuva Bull Market





The current equities bull run seems unstoppable. No amount of geopolitical concerns, Greek default fears, rate hikes, US dollar strength, crude oil price volatility, Russian sanctions or whatever else you can think of can put a dent on it. Perhaps we should take a step back and try to understand what is driving this strength. OK, we know that central banks continue to spike the punchbowl, but what is the actual transmission mechanism that directs all this liquidity into equities – as opposed to commodities for instance, which continue to struggle?

 
Tyler Durden's picture

Frontrunning: April 30





  • Marchers protest police violence in Baltimore, New York (Reuters)
  • Majority of Financial Pros Now Say Greece Is Headed for Euro Exit (BBG)
  • Greece signals concessions in crunch talks with lenders (Reuters)
  • Greece, Euro-Area Partners Target Deal by Sunday (BBG)
  • Iglesias Says EU Risking Right-Wing Backlash With Greek Pressure (BBG)
  • Student-Loan Surge Undercuts Millennials’ Place in U.S. Economy (BBG)
  • Majors’ Quandary: Why Drill for Oil When They Can Buy Somebody Else’s? (WSJ)
 
Tyler Durden's picture

"Dear Fed, It’s Time To Lean, Or Leave"





A big part of the U.S. equation is U.S. executives are looking at yields and realizing that to not borrow at these unsustainable levels could be a missed opportunity they will sorely regret. If you run a viable business and “investors” are throwing free money at you for future growth, why not leverage up and buy back some stock. This is ultimately something the Fed needs to focus on and lean against.

 
Tyler Durden's picture

Goldman Paid Bill Clinton $200K Before Lobbying Hillary On Export-Import Bank





As IBTimes reports, Goldman Sachs paid Bill Clinton $200,000 for a speech just before lobbying the State Department (then run by Hillary Clinton) on legislation involving the Export-Import Bank, which was set to provide the financing for the purchase of millions in aircraft from a company partially owned by the Wall Street bank.

 
Tyler Durden's picture

Goldman Asks "Should Stocks Fear Rate Hikes?" (Spoiler Alert: Yes)





While day after day we are bombarded with musings from talking-heads proclaiming that no matter what happens in the future, buying stocks and buying moar stocks is the way to go, the data has a different story to tell. As Goldman Sachs notes, at a forward PE of 17.5x, the equity market looks more expensive today than it was during any of the last four cycles. Furthermore, as Goldman puts it, we find it more challenging to rationalize the current high PE multiples.

 
Tyler Durden's picture

Japan Proves Monetary Policy Is Nothing But Destructive





Thus, the mistaken conceit of monetarism is on full display, especially in Japan, as they boil down their efforts to substitute financial wealth for true wealth as if they could simply conjure industrious creation from nothing. And Japan is proving useful as the full and complete refutation of every facet of such a notion, even if the mainstream resists so far confessing it.

 
EconMatters's picture

2010 Flash Crash Arrest Motivated By Greed





If the DOJ and CFTC is going to be consistent, then they have to indict the entire financial community from the CME, Exchanges, Brokers, Institutions, Investment Banks, Hedge Funds, Management Funds and High Frequency Trading Firms.

 
Tyler Durden's picture

Entire Treasury Department Competes For Same Goldman Sachs Job Opening





“Within just minutes of listing the open position on our jobs page, the flood of applications from treasury.gov email addresses started rolling in, and it hasn’t slowed down since,”

 
Tyler Durden's picture

Goldman's Advice On Economy Like Dracula's Advice On Blood Banks, British Economist Says





"Listening to Goldman for advice on how to run the economy is like listening to Dracula on how to run a blood bank,” a prominent British economist says, in response to the bank's assessment of the dangers inherent in a "leftward shift" in the UK government. "Their real aim is to avoid 50p tax rates for high earners, the Mansion Tax and other small impositions which shift some of the burden of austerity onto the shoulders of the rich, the likes of Goldman Sachs bankers and their clients," another economist notes.

 
Tyler Durden's picture

Frontrunning: April 22





  • Because it just gets funnier: UK speed trader arrested over role in 2010 'flash crash' (Reuters)
  • ... and funnier: Mystery Trader Armed With Algorithms Rewrites Flash Crash Story (BBG)
  • Presidential hopeful Rubio reaches out to gay Republicans (Reuters)
  • Varoufakis Sees Differences Narrowing in Creditor Talks (BBG)
  • China Debt Mess Brings Out the Yin and Yang in Policy Makers (BBG)
  • Hedge Fund That Made 18% on Dollar Strength Now Bets on Drop (BBG)
  • Whistleblower Jim Marchese Scores Millions in Payout—Again (WSJ)
  • Release of Benghazi Report on Hillary Clinton Likely Pushed to Election Season (BBG)
 
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