Matt Taibbi of Rolling Stone discusses the pump and dump behaviour of Goldman Sachs, most recently with the BRICS. The point he makes about GS is something I learned more broadly years ago: when "conventional" wisdom says something is so, you should start to question it seriously.
According to Taibbi America growth is the latest pump and dump of Goldman which of course plays to my biases -about both Goldman and America.
They are always late to the party on turns."We have likely seen the peak in potential growth for the BRICs as a group,"
Goldman analyst Dominic Wilson wrote in the Dec. 7 report. I said as much in August, the inaugurial month of this blog, and have been saying it to my students since Jan. 2010 (shout out to Econ 325 and 327).
Sleep well China cheerleaders, Euro zone muddlers, and oil bulls.
According to Taibbi America growth is the latest pump and dump of Goldman which of course plays to my biases -about both Goldman and America.
They are always late to the party on turns."We have likely seen the peak in potential growth for the BRICs as a group,"
Goldman analyst Dominic Wilson wrote in the Dec. 7 report. I said as much in August, the inaugurial month of this blog, and have been saying it to my students since Jan. 2010 (shout out to Econ 325 and 327).
Sleep well China cheerleaders, Euro zone muddlers, and oil bulls.
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