Goldman Sachs

OPEC Thinks Deeper Cuts Might Not Be Required

“We believe that continuation with the same level of cuts, plus eventually adding one or two small producers... will be more than adequate to bring the five-year balance to where they need to be by the end of the first quarter 2018.”

Bannon, Priebus Return To Washington As Trump Trip Continues

Trump's two key advisors, Reince Priebus and Steven Bannon, returned to Washington after President Donald Trump wrapped up his visit to Saudi Arabia, the first stop on his foreign trip. The decision for Priebus to return to the US was pre-planned, not spur-of-the-moment, White House spokeswoman Huckabee Sanders said.

Bill Blain: "My Prediction Is That Around October 12 Markets Will Get Horribly Interesting"

"There are just too many contradictory currents out there. The unsustainability of burgeoning consumer debt, unfeasibly tight credit spreads, the sandcastle foundations of student loans, autos, housing and the CLO market, China, Trump, politics.. worries about what follows Brazil in the EM market, and whatever... The risks of a massive consumer sentiment dump."

The Real 'Monster' Eating The Nation

"The colossal security apparatus of this country has become a monster eating America... the Deep State’s main motive is moving heaven and earth to dump Trump... But when they do, of course, they are libel to foment an insurrection every bit as ugly as the dust-up that followed the shelling of Fort Sumter."

Is There A Coup Attempt Underway In America?

"...don’t fool yourself into thinking this is OK or even tolerable. The bottom line is that we have some very powerful people in Washington who really don’t like how democracy played out this time around and what they do to attack it next isn’t going to be any better than what they’re doing now."

Krieger: Wall Street Completely Owns The Trump Administration

"While America’s corporate press remains singularly obsessed with unproven and likely fabricated Russia-collusion conspiracy theories, Wall Street’s well on its way to getting away with financial murder thanks to an army of cronies embedded within the Trump administration."

Goldman Turns Less Confident On June, September Rate Hikes

"the risk to our near-term funds rate view is now slightly greater, largely because the range of plausible outcomes has widened. We have shaved our subjective odds of a June rate hike to 80%, from 90% earlier, and have also become a bit less confident in a September hike" - Goldman