…did you notice that nearly 45% of America’s 15 million unemployed have been out of a job for over six months?
April 8th, 2010 | Dan Denning | 0 comments | ContinuedAll Posts Tagged With: "goldman sachs"
Obama Lets Zombies Loose on US Health Care Industry
This new reform measure just increases the weight. Now, there’ll be more parasites than ever. Health care is about to turn into a zombie industry…run by brain-dead bureaucrats…
March 24th, 2010 | Bill Bonner | 1 comment | Continued
Dodge Taxes Legally… Become Treasury Secretary
In the biggest stock sale of his life, former Treasury Secretary Hank Paulson didn’t pay one dollar of capital gains tax.
March 4th, 2010 | Ian Mathias | 0 comments | Continued
Government Sachs
In it were no crying widows and no shivering orphans. Just one very satisfied Lloyd Blankfein, chief executive of Goldman Sachs. He had sold the Greeks their debt, said the papers; now he has sold it short.
February 22nd, 2010 | Bill Bonner | 3 comments | Continued
Geithner to Explain to Congress How US Bailed Out AIG
Of course, the Secretary of the Treasury will have answers. He’s been rehearsing them for weeks. He’ll explain that the integrity of the system was at stake…etc…etc… Blah…blah.
January 28th, 2010 | Bill Bonner | 0 comments | Continued
Credit Default Swap: Buying Insurance Against Default in Your Bonds
While Australians march down the path of a national house price obsession/mania, the world’s bond traders are firing warning shots. Bloomberg reports that, “Credit default swap (CDS) protection buying against sovereign debt default has spiked to five times the level of similar protection bought for corporate bonds, as the potential for a wave of sovereign debt defaults intensifies.”
January 28th, 2010 | Dan Denning | 6 comments | Continued
Buy Oil Stocks… No Matter What
Of course, no one knows what the price of oil will be, but there is no shortage of forecasts. Goldman Sachs says it will be $95 by the end of 2010. Deutsche Bank says $65.
January 27th, 2010 | Chris Mayer | 1 comment | Continued
Goldman Calling for US$100 Oil by 2011
Goldman’s oil analyst Jeffrey Currie is referring to what we termed last year, “The Long Aftershock.” It refers to the 2007 oil price crash sowing the seeds for the next oil bull market. Currie says his analysis leads to the conclusion that, “By 2011, the [oil] market is back to capacity constraints…The financial crisis created a collapse in company returns which has significantly interrupted the investment phase.”
January 19th, 2010 | Dan Denning | 4 comments | Continued
Investors Figure Jobs Picture Will Keep Fed from Raising Rates
The Fed will not raise rates anytime soon. But it takes more than low rates to create a durable boom on Wall Street.
January 14th, 2010 | Bill Bonner | 0 comments | Continued
Fed Made More Money than Goldman Sachs
How did it make so much money? The papers report that it cleverly bought up debt that no one wanted…Wall Street’s mistakes.
January 14th, 2010 | Bill Bonner | 0 comments | Continued
Capital One Financial Not Convinced Economy is On the Mend
Yesterday afternoon, at the Goldman Sachs US Financial Services Conference in New York City, Capital One’s Chairman and CEO, Richard D. Fairbank, wowed the crowd with a dizzying collection of grim assessments and forecasts.
December 11th, 2009 | Eric J. Fry | 0 comments | Continued
Rising in Defense of Goldman Sachs
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 | 14 comments | Continued
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
