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While the Fed has its "beige book," so does Goldman Sachs (GS), which provides "a grand mosaic"...

While the Fed has its "beige book," so does Goldman Sachs (GS), which provides "a grand mosaic" of CEO quotes from earnings calls. GS's latest tome makes for disturbing reading, with political and economic uncertainty hampering investment and hiring.
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Comments (4)
  • wyostocks
    , contributor
    Comments (8866) | Send Message
    Can anyone blame a CEO for being cautious. Thats their job. Look at those who are/were not so and what happened to their companies. Corzine comes to mind.
    20 Nov 2011, 07:34 AM Reply Like
  • 7footMoose
    , contributor
    Comments (2266) | Send Message
    Politics, economies and the climate have never proven to be certain for very long. These CEO's make boatloads of money often whether they are good for the company and shareholders or not so they should just man up and do the right thing as hard as that seems to be for them to do.
    20 Nov 2011, 08:09 AM Reply Like
  • kmi
    , contributor
    Comments (4528) | Send Message
    You can't continually crush the consumption part of the economy by funneling money out of it (energy, taxes, bailouts, and assorted wall street activities) and expect the economy to stay healthy, not when consumption accounts for over 60% of GDP.
    20 Nov 2011, 08:29 AM Reply Like
  • Wyatt Junker
    , contributor
    Comments (4501) | Send Message
    Politically we had all thought(or were at least used to) the third and fourth year of a president's term as being bullish for stocks and the model we all remember using was Bill Clinton after he 'pivoted' to center. The market took off, back then. That is not the case now. Obama is not a centrist. He has not felt the need to negotiate at all after last election's rout, only continue campaigning for 2012 using the tired cliches of union bosses. That means there will be little progress since there will be little in the way of major or structural tax reform until an entirely new regime is put in place.


    It is unfortunate, but true. Ambition in a very small part of America called Washington has been replaced with what's good for most Americans elsewhere. Its funny and sad at the same time to see such a small percentage of folks control and continually damn not only American progress but damn the world economy also since so many are dependent on our success.


    What these CEOs are saying is we need fiscal discipline. They are not seeing that nor do they expect it soon. They are not hearing it from Obama. Obama is absent any real leadership. And so we will stagnate until leadership eventually presents itself.


    DC doesn't need to cooperate. That would be economically lethal, despite what the media brays. What we need is a complete take down of current power, the kind that wants to raise taxes and expand government. That is the only way out of this. Otherwise we will only get more Uncle Ben's ZIRP and dollar destruction. Big government is killing us. And the most hilarious part, many folks are cheerleading for more of same.
    20 Nov 2011, 11:02 AM Reply Like
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