We pick up sword and shield, ready to fight for Goldman, after reading The Financial Times. The FT has devoted a whole page to Goldman bashing.
November 20th, 2009 | Bill Bonner | 10 comments | ContinuedAll Posts Tagged With: "goldman sachs"
Higher Oil Prices, the New Normal
Oil prices have bounced more than 150 percent off their December 2008 lows, despite the fact that inventory levels remain at historically high levels.
November 5th, 2009 | Evan Smith | 2 comments | Continued
Only Hope for Obama is that the Economy Revives
Why not? Wait a minute…you already know the answer to that question. Because it’s a depression. It’s the end of the road for the consumer credit economy. Consumers did their best.
October 19th, 2009 | Bill Bonner | 1 comment | Continued
Stocks Better than Bonds When Inflation is a Big Threat
What we make of it is that dividends used to account for a much larger percentage of your total return in stocks than they have in the last twenty years. Times change. There’s no rule that says the future has to be just like the past. But if stocks beat inflation, should you invest in stocks for income or capital appreciation? That’s the second question.
October 19th, 2009 | Dan Denning | 4 comments | Continued
Aren’t You the Least Bit Suspicious that Goldman is Talking Up the Banks?
Goldman Sachs has raised its rating on large banks to “attractive.” In related news, Neal Barofsky, the special inspector general for the Troubled Asset Relief Program has said that the Feds may have, er, not quite told the truth about the health of the banks receiving TARP funds. He didn’t use the word, lie though. How are these two items related? We’ll explain below.
October 6th, 2009 | Dan Denning | 4 comments | Continued
Have the Chinese Stopped Industrial Stockpiling of Raw Materials?
Speaking of losing and just what’s at stake as September begins, why don’t we start with where the entire global recovery – and Australia’s resilience – are supposed to reside: Chinese strength. The Shanghai Composite fells 6.7% overnight and is now down over 25% from its highs. Uh oh.
September 1st, 2009 | Dan Denning | 0 comments | Continued
Is it Possible China’s Steel Industry Has Excess Productive Capacity?
“China’s steel output has taken up 48% of the world’s total in the H1 of this year, further exacerbates the oversupply picture and hurts the healthy industrial development. And Mr Roland Verstappen vice president of ArcelorMittal also said steel overcapacity is quite clear in China and which will press down steel prices, sweep smaller mills out of the market and causes unemployment.”
August 6th, 2009 | Dan Denning | 8 comments | Continued
JPMorgan and Goldman Sachs Making Billions in Profits
But here at The Daily Reckoning, we can’t help ourselves. If we see a silver lining, we look for the cloud. We see garbage…we look for the rat… We begin with the JPMorgan profit announcement, because it is the most intriguing. Let us set the stage…
July 20th, 2009 | Bill Bonner | 9 comments | Continued
Meredith Whitney and the Buy Recommendation on Goldman Sachs
Hold that thought. Her recommendation preceded Goldman’s actual announcement on Tuesday that second quarter net earnings were up 65% to $3.44 billion. The company, like Wall Street’s very own chosen-one-boy-wizard, has once again waved its magic wand and produced something remarkable. So let’s remark on it…
July 15th, 2009 | Dan Denning | 3 comments | Continued
Sell China and Buy Goldman Sachs
If that’s the case, then it would be time to sell commodities and buy Goldman, or at least time to sell commodities. A collapsing Chinese credit bubble would remove a lot of the demand and price support for Australian commodities (especially coking coal and iron ore).
July 14th, 2009 | Dan Denning | 24 comments | Continued