Goldman Sachs

Salt, Wampum, Benjamins - Is Bitcoin Next?

"The U.S., E.U., Japan, China and Great Brittan have devalued their currencies significantly over the past ten years. The recent success of cryptocurrencies is a meaningful sign that central banker actions have not gone unnoticed by the users of traditional currencies."

Mike Krieger On Charlottesville: "Don't Play Into The Divide & Conquer Game"

"Play into the divide and conquer game all you want... Personally, I’m not going to be manipulated into thinking these fringe groups of lunatics represent the real problem in America. I know who really ran this country into the ground, and it’s not them. It’s the oligarchs and their apologists who are now out there acting like the voice of reason."

South Korean Credit Risk Spikes Above China's As Kim Chooses "Path Of No Return"

For the first time in four years, the credit market sees more risk of a South Korean sovereign default/devaluation than China. After months of hit money flows in EM stocks sending KOSPI to record highs in the face of rising nuclear tensions with its neighbor, this week saw investors crack as Daiwa analysts warned "Kim looks to have chosen a path of no return."

Bitcoin Spikes Over $3800 As Institutional Investor Interest Soars

Bitcoin is now up over 45% since the fork on August 1st, notably spiking this week (to a record high over $3800) as US-North Korea tensions escalated and both Fidelity (retail) and Goldman (institutional) noted investor interest in cryptocurrencies is soaring.

Venezuela: Dictatorship, Collapse, And Consequence

"What's happening in Venezuela is a microcosm of the socialist cancer in action... It is not some self-contained rarity, it is the common and predictable outcome of a society based on collectivist servitude and false promises of equality."

The Secret History Of The Banking Crisis

"Accounts of the financial crisis leave out the story of the secretive deals between banks that kept the show on the road. How long can the system be propped up for?"