Destin

On Meet the Press this morning, Alan Greenspan says the Fed has done all it can to reduce unemployment, and needs to worry more about inflation. "There's just so much monetary policy and the central bank can do. And I think they've gone to their limits."

This man redefines unmitigated gall every time he opens his mouth.

Friday's Jobs Report: Unemployment to Stay Above 10 Percent in 2010

Great link, I really enjoy Paul Craig Roberts' columns. His conclusions are typically far different than one would expect from his background which makes them all the more interesting.


On Dec 03 10:16 AM bones33 wrote:

> willyloman.wordpress.c.../

Goldman's Hubris

They pay a ton of taxes? How you figure?

www.bloomberg.com/apps...


On Dec 01 08:27 PM Kevin Mulhern wrote:

> Enough of the Goldman hate, what is new in this article that we haven't
> heard hundreds of times? Goldman does some shady things, things that
> any bank would have done had they been capable. They also DO pay
> a ton of taxes and provide necessary stability and liquidity in markets
> as well as indispensable services. If you have a problem with people
> being good at what they do, work somewhere else! To your point on
> trading: since its zero-sum are you implying that anyone who trades
> is committing some kind of moral offense? Sure some people lose out
> on trades, but they benefit society on a larger scale and there is
> no coercion.

Goldman Sachs' Not-Very-Charitable Foundation

Apparantly we can, which says a lot more about Goldman than it does about us.

On Nov 12 02:59 PM BAK wrote:

> Give me a break! Can we find anything else to dump on Goldman about?

In 2010 It'll Be Jobs, Jobs, Jobs

Partisan hacks like CTOPIN need to take a hike. Noone is applauding Bush here, and until someone invents a time machine allowing us to go back and correct admittedly horrendous mistakes then we have to focus on the HERE and NOW. I am sick and tired of people excusing bad policy just because the "other guy" was worse. This is why the "lesser of two evils" grows more & more evil with each election cycle and the only "change" we EVER get is the rate at which America circles the drain.

Goldman, Buffett Deal with Fannie Mae Inked a Month Ago

On Nov 06 06:06 AM Augustus wrote:
> having that Put does solve valuation problems
> for Goldman and Berkshire.

At this point I think it's a foregone conclusion that ANYTHING involving GS and any Federal agency will be, suffice it to say, "Good for Goldman".

Clunkers Program Cost $24K per Vehicle - Government Ready to Waste Even More

The "lesser of two evils" seems to grow more evil with every election cycle.

Goldman: Want to Rethink That GDP Downgrade?

It would sure be interesting to know what the boys at Goldman's trading desks are up to in the hours directly before & after they make these occasional "revisions" to their forecasts. But that's just the paranoid, anti-capitalist, wealth-envying part of me talking.

Thursday Outlook: Commodities, Global Markets

The problem is that differentiating between genuine gestures and photo-op politicization seems to depend solely on which side of the political aisle you are on. Memories of Bush posing with a plastic turkey in Iraq on Thanksgiving a few years back come to mind. The two-party system has led our country to the brink of complete ruin yet we embrace hollow, knee-jerk partisanship now more than ever it seems.

Gold, Silver, Oil, Natural Gas ETFs - Strategy for the Broad Market

Fireworks indeed, what first support level? HUI is already testing that lower trendline.

Expect Structurally High Unemployment to Continue; Risk of Recessionary Lapse

Cetin is back from vacation I see.

Greater Depression for U.S. States rebuts “recovery” talk

> its safe to say cockroaches will survive,... and Goldman Sachs.

What's the difference?

Reform on the Horizon: Healthcare ETF Winners and Losers

Tom, what is this $4 billion fee you're referring to concerning the device makers? I've been invested in Fidelity's medical equipment fund FSMEX for many years and have been very pleased with its solid and (relatively) stable performance. Psychologically I'm hesitant to drop something that's been a portfolio staple for so long, but is it time to "git while the gittin's good" ?

Thank you for your work. With my more recent focus on ETF investing your articles have become daily reading for me.

Citigroup Receives Wrist Slap for Helping Hedge Funds Avoid Taxes

We're damned if we do and damned if we don't. The pseudo-intellectual trap of partisan politics allows whoever won the last election to engage in or excuse whatever criminal enterprise they like on the grounds that the other guys were just as bad or worse. At what point does the electorate stand up and say, ENOUGH? This is a purely rhetorical question of course, as the concept of the "lesser of two evils" allows evil to run amock regardless. Stop the world, I want to get off.

Taxpayers' costs in the global crisis have been exaggerated, says Goldman Sachs (GS) chief economist Jim O'Neill: “It’s suddenly become very trendy to be the toughest person around, whether you’re in the private sector, or in government, or opposition, as to what we’re going to do about the deficit ... We need to get growth back, and then we can have a more sensible look at what the true fiscal position is.”

The poor poor Goldman boys can go home and cry in their 200 year old cognac if they don't like being whipping boys in the financial blogs. When a GS upgrade is worth a 4-5% bounce the next day and the trading desk is profitable 97% of the time I guess it takes a tinfoil hat to put two & two together.

"We need to get growth back, and then we can have a more sensible look at what the true fiscal position is.” Translation: Maybe when a few more of the poor, dumb, unemployed, non-"best & brightest" actually find a paycheck (or a few extra weeks of extended benefits) they'll start forgetting about us skimming off the top at taxpayer expense.