Clik here to view.
Goldman Payroll Post-Mortem: Fed Will Modify Forward Guidance, Possible June...
Via Goldman Sachs, Payroll employment continued to grow at a strong pace, exceeding consensus expectations. The unemployment rate fell due to lower participation. With the final employment report in...
View ArticleClik here to view.
Goldman’s FOMC Post-Mortem –“More Dovish Than Expected” But Hike Coming In...
Via Goldman Sachs’ Jan Hatzius, The March FOMC statement and projections suggested that September rather than June appears to be the most likely date for the first hike of the fed funds rate. Although...
View ArticleClik here to view.
Goldman’s “Excel Fat Finger”– Says Earlier GDP Estimate Was A Mistake, Lowers...
Back in 2014, Goldman’s Jan Hatzius was proud to announce he anticipated the US economy growing solidly in 2015, at a so-called “above consensus” pace, somewhere in the 3%-3.5% range. Then, a few...
View ArticleClik here to view.
This Is How Many Times Blogger Bernanke Use The Word “Debt” In A Post About...
By now everyone, any by everyone we mean even that pillar of orthodox “economic wisdom” , McKinsey, has realized that the reason the world is blanketed in a period of secular stagnation and soon,...
View ArticleClik here to view.
Here Is The “Rate Hike Decision” Waterfall Analysis Goldman Gave To The Fed
The cozy “relationship” between Goldman and the Fed has been documented on these pages and elsewhere for years. From our 2010 question “Why Does Brian Sack Interact With Goldman’s FX Committee?”, to...
View ArticleClik here to view.
Here We Go: Goldman Declares That “The Right Policy Would Be To Put Hikes On...
It was just two days ago when we observed that during the latest Fed matinee, none other than Goldman’s Jan Hatzius presented a slide deck suggestively titled “Hiking Rates in the Name of Financial...
View ArticleClik here to view.
The “Scariest Spreadsheet In Fed Possession” Just Revealed A Very Scary...
Earlier today, Goldman initiated its Q2 GDP tracking at 3.0%. A few hours later, the Atlanta Fed, whose “preposterous” below-consensus forecast we first flagged in early March, and which nailed the Q1...
View ArticleClik here to view.
Payrolls Preview – Hope Abounds Amid Better-Weather Boost
The last two months have been nothing if not a lesson in the disater that is the economic-forecasters of the world. With a 3-sigma beat followed by a 5-sigma miss, hope abounds that April will be the...
View ArticleClik here to view.
Goldman Crushes The American Manufacturing Recovery Dream – Auto Sales...
Auto sales have recovered to the 16.5-17 million range, and many observers predict further gains in coming years (despite, as we previously noted, missing expectations for the last few months). But to...
View ArticleClik here to view.
The End Of Buybacks? Goldman Warns Political Pressure On Share Repurchases Is...
While we are now well aware of the unpatriotic-ness of tax inversions, Goldman Sachs raises the red flag on another corporate action that is about to become highly politicized – share buybacks. The...
View ArticleClik here to view.
Why Goldman Is Confident The Fed Will Wait To Hike Until December (At Least)
Confused if the Fed will hike rates in September, or December, or never? Don’t worry, the Fed is just as confused, at least until NY Fed’s Bill Dudley has his biweekly meeting with Goldman’s chief...
View ArticleClik here to view.
Goldman: “No Rate Hike In September”
While we have exposed the ugly under-belly of today’s jobs data, mainstream media is spinning it as a ‘Goldilocks’ report with enough hits-and-misses for every hawk or dove. The market’s initial...
View ArticleClik here to view.
A September Rate Hike Is “Not Even Close”: Goldman’s Seven Reasons Why Yellen...
On one hand, every economist, virtual portfolio manager, Yahoo Finance Twitter expert, and TV talking head is certain that a September rate hike is inevitable. On the other hand, the bank that runs the...
View ArticleClik here to view.
Is Yellen About To Shock Everyone: Goldman Says The “Fed Should Think About...
What a difference a little over a year makes. Back in January 2014, just after the Fed announced the tapering of QE (because, you know, the “date-dependent” Fed would never be tapering if the economy...
View ArticleClik here to view.
Foucault Does FOMC: Deutsche Bank Explains The Fed’s Decision By Mixing...
Bored of cut and dry (and 100% spot on) explanations of why the Fed did not do a “hawkish hold” or a “dovish hike” just because Goldman’s Jan Hatzius told Bill Dudley not to order a lobster sandwich at...
View ArticleClik here to view.
Yellen “Do-Over” Speech – Live Feed
Highlights YELLEN:STILL SLACK BUT LABOR MARKET MADE CONSIDERABLE PROGRESS YELLEN:RISK INFL EXPCTS GET UNMOORED TO DWNSIDE, WARRANTS EASE YELLEN: BELOW 2% INFL LIKELY DUE TO TRANSITORY FACTORS YELLEN...
View ArticleClik here to view.
Goldman’s NFP Post-Mortem: A December Rate Hike Is Now A “Close Call”
In addition to the Fed’s credibility, one other privately-controlled organization that has seen its credibility completely crushed in recent months is the Goldman economic forecasting team (if not the...
View ArticleClik here to view.
The Rate Hike Ship Has Sailed: Goldman Sees “Higher Probability Of Liftoff...
Two weeks ago, and just before Janet Yellen hinted that “nominal interest rates cannot go much below zero” (so just a little, and exactly is a “little” in Fed speak?) Goldman explained that when it...
View ArticleClik here to view.
Peter Schiff: The Fed Has Created A “Bad Is Good” Economy
Submitted by Peter Schiff via Euro Pacific Capital, The popular belief that the U.S. economy has been steadily recovering has endured months of disappointing data without losing much of its appeal. A...
View ArticleClik here to view.
Futures Fail To Surge Despite Continuing Onsalught Of Poor Economic Data
The best headline to summarize what happened in the early part of the overnight session was the following from Bloomberg: “Asian stocks extend global rally on stimulus bets.” And following the abysmal...
View Article
