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1 posted on 12/09/2012 5:07:58 PM PST by blam
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To: blam

Down turn?


2 posted on 12/09/2012 5:11:27 PM PST by BenLurkin (This is not a statement of fact. It is either opinion or satire; or both)
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To: blam

Does Ben Bernake know about this? His QE-Infinity plans don’t support any increase in interest rates ...


3 posted on 12/09/2012 5:12:55 PM PST by Ken522
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To: blam
Suddenly, There's Been A Burst Of Good News That Markets Should Like

Sebastien Galy of SocGen writes, in regards to the latest developments:

The market wanted a year end rally and it just got a nice boost over the week end.

... Hold your breath. Republicans are starting to give in on taxes (FT), China's economy surprised positively, Canada allowed the CNOOC deal for China's energy reserves, the US labour was stronger than expected and the Greek debt buy back seems to be going as hoped. Breath.

4 posted on 12/09/2012 5:14:26 PM PST by blam
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To: blam
Goldman Sachs continues to dribble out its 2013 forecasts and top trades. And as the firm peels back more and more, it's clear that the forecast is for major change to the economy. This can be seen across multiple calls, from multiple analysts.

It starts with top economist Jan Hatzius, who sees, for the first time since the financial crisis, the economy accelerating to above-trend growth in the second half of next year. The call is based on an expectation of private sector releveraging, coupled with the end of the fiscal drag.

In turn, Goldman commodity analyst Damien Courvalin is calling for the end of the great gold bull market next year, based on the fact that real interest rates are finally going to start heading higher.

Ping for revisiting a year from now

5 posted on 12/09/2012 5:20:39 PM PST by Alex Murphy ("If you are not firm in faith, you will not be firm at all" - Isaiah 7:9)
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To: blam
The author is saying "gold will go lower after it peaks". What is shown in the chart is real interest rates rising which is due to inflation falling which is nicely depicted by the gold price dropping in 1980.

Fast forward to today, inflation is only getting warmed up and BB is not going to lower nominal rates as long as he is breathing and head of anything to do with rates. Gold will peak after nominal rates rise to 10% or whatever makes a serious dent in inflation and inflation expectations. I would guess that will be after the US debt is cut in half by inflation, i.e. gold doubles and overshoots (i.e. 3-4k)

6 posted on 12/09/2012 5:30:20 PM PST by palmer (Jim, please bill me 50 cents for this completely useless post)
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To: blam

Talk, unlike most everything else, is cheap.


7 posted on 12/09/2012 5:35:08 PM PST by Ouchthatonehurt
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To: blam

Those “analysts” wouldn’t want to wager their own money on this, I am sure. Bob


9 posted on 12/09/2012 5:51:33 PM PST by alstewartfan ("And if you're saying something not right, You're floating in the river at night." Al Stewart)
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To: blam

I see a bad moon arising,
I see trouble on the way....


10 posted on 12/09/2012 5:52:56 PM PST by Red Badger (Lincoln freed the slaves. Obama just got them ALL back......................)
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To: blam

“based on the fact that real interest rates are finally going to start heading higher.”

Which will collapse the fragile economy and cause a financial crisis. These firms are interested in one thing, making money off of gullible investors who buy their propaganda.


12 posted on 12/09/2012 5:59:23 PM PST by ScottfromNJ
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To: blam

Goldman Sachs doesn’t sell their investment advice to Joe Sixpack.

Usually, of not always, you can take whatever they say and reverse it. Because they need plenty of peons on the other side of their gigantic trades.


13 posted on 12/09/2012 5:59:55 PM PST by Cicero (Marcus Tullius)
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To: blam

Goldman Sachs doesn’t sell their investment advice to Joe Sixpack.

Usually, if not always, you can take whatever they say in news releases like this, and reverse it. Because they need plenty of peons on the other side of their gigantic trades.


14 posted on 12/09/2012 6:00:55 PM PST by Cicero (Marcus Tullius)
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To: blam

Whatever the “experts” say...run the other way...GS thinks theirs clients are muppets. I know GS is the devil.


16 posted on 12/09/2012 6:05:13 PM PST by BreezyDog (Illegitimi non carborundum)
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To: blam

I don’t understand. Real earnings for individuals are down. Inflation is on the rise. Interest on loans is going to go up. Taxes are going up for several reasons including Obamacare. We are going into debt at the rate of $4.8 billion per day with no let up in sight. And, GS is predicting a good coming year? Someone please explain this to me.


20 posted on 12/09/2012 6:53:10 PM PST by MCF
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To: blam

Total Hog Wash. When the Federal borrowing is forced to stop then the artificially propped up GDP is going to slam through the floor for obvious reasons. For a time then Jobless rates are going to go into never never land. Default by the sheeple will be the name of the game. Goldman Sachs will however find a way to steal blankets from homeless children, and sell them at a profit. As they more than anyone are responsible for the mess the whole world is in.


27 posted on 12/09/2012 7:24:08 PM PST by Revel
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To: blam

starting jan 1, American small business will have a forced 10+% increase in salaries... which will force them to either reduce hours... cut staff... or jack prices

and American small business employs a majority (80%) of the jobs...

which will drive up unemployment...

and food stamps...

exactly what would make the economy improve again?


29 posted on 12/09/2012 7:44:27 PM PST by sten (fighting tyranny never goes out of style)
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To: blam

Major economic turn for who?


33 posted on 12/09/2012 9:16:52 PM PST by freekitty (Give me back my conservative vote; then find me a real conservative to vote for)
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To: blam

Interesting.

However, is it true that Goldman trades against its clients and has done so for many years, from what I’ve heard?


35 posted on 12/10/2012 5:54:00 AM PST by OpusatFR
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To: blam

*


38 posted on 12/10/2012 4:35:51 PM PST by PMAS (All that is necessary for the triumph of evil is that good men do nothing)
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To: blam
In turn, Goldman commodity analyst Damien Courvalin is calling for the end of the great gold bull market next year,

Coming from Goldman, what this really means is that they expect the gold bull market to continue, so they claim it's over, so people will sell "at the top", causing the price to go down, so they (Goldman) can buy a little more at a reduced price.

39 posted on 12/12/2012 2:43:10 PM PST by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)
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