Really. Well, now we know the answer to the question. Is he crafty or stupid. Apparently stupid.
But hold the phone. See my last. Oh, and commodities are .... toppy ... crashing? Over the edge?
Goldman is the only market player with "perfect information" other than the Fed itself (but with so many alumni out there, anything the Fed knows, Goldman knows too). Morgan Stanley and maybe Citi are the next most knowledgable.
The entailed consequence is that, whereas someone like Bill Gross at PIMCO may invest, and others may speculate ...... Goldman never does either. Goldman just harvests.
Most can identify the crafty and the stupid. The truly clever individual can baffle the shorts off of your teenage daughter. Then have her testify to his integrity after he does her against will. Then you will likewise vouch for his character as a judge dismisses.
This is our... thing... And I am a vile Man for publicly presenting this reality.