Goldman Sachs

GoldCore's picture

The people who are likely to win the next election want to take Italy out of the euro and replace the euro with their own currency, the lira. Unfortunately for the EU, if Greece was a tricky issue to deal with, Italy is — in economic terms — a massive Greece …

Getting In Bed With Government

The recent deal to keep Carrier jobs in the United States is not at all unusual. It only received so much press because Trump made it a campaign issue and saw an opportunity to record a big early PR victory before he even took office. In reality, the intertwining of government and big business meets the definition of fascism.

Barron's Cover: "Get Ready For Dow 20,000"

With The Dow just one good day away from the nirvana of 20,000 - proving once and for all that the fiction-peddling naysayers are wrong about the US economy - Barron's unleashes its magazine cover curse to do all it can to end the party.

Trump's Bait And Switch?

Within the political-financial establishment, the more things change, the more, it seems, they stay the same. As Trump moves ahead with his cabinet picks, several of them already stand out in a Mellon-esque fashion for their staggering wealth, their legal entanglements, and the policies they seem ready to support that sound like eerie throwbacks to the age of Harding.

With 65% of ATMs Nonoperational, Goldman Warns India Is "Returning To Barter System"

India continues to stagger from bad to worse followinhg Modi's demonetization. With just 35% of ATMs nationwide operational, Goldman warns the shortage of cash continues to incentivize the use of alternate payments, including extension of informal credit and a return to barter systems. Addtionally, the slowdown in activity is dramatically reflected in lower tax collections and discounts offered by luxury car companies.

Carrier & The Broken Window Narrative

The “Carrier” deal, and future deals like it, only succeed in temporarily keeping the jobs of yesterday with a cost to taxpayers today.

Yuan Strengthens After Rebound In China Exports, Trade Balance Disappoints

It appears that devaluing your currency against by over 10% in a year against your major trading partners does have some affect (albeit delayed). China Exports (in Yuan terms) grew at 5.9% in November (the fastest growth since March) (well ahead of the expected 1% decline). Imports, however, also soared (by 13%) in Yuan terms. However, in USD terms, Imports rose by the most since Sept 2014 (and exports managed a small rise) as China's trade surplus slipped and missed expectations. Offshore Yuan is strengthening modestly on the print.