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We’ve been following the financial sector throughout the entire “reflation rally”, figuring that a breakdown in financial stocks may precede a breakdown in the broader market. Financials led the way down in 2007, and they led the way up in 2009 – so can they threepeat and lead the way down once again here in […]
Guest article by Alex Daley, Senior Editor, Casey Research Talk of a double-dip recession is seemingly increasing these days. Home sales have dropped like a brick since the end of the special tax breaks for buyers. Weekly job reports are showing much larger rises in unemployment claims than previously expected by whoever it is that […]
Perhaps the most visible social mood trend today is the extreme backlash against Wall Street by “Main Street”. If you want to rally someone on your side at a cocktail party – provided you are anywhere but New York City – a sharp comment denouncing Goldman Sachs will probably win you a sympathetic friend! We […]
Goldman Sachs CEO Lloyd Blankfein took a page from the preachings of the world’s leading religions, as he warned his employees to avoid making “big-ticket, high-profile purchases.” Laying low and playing down wealth is probably a best practice even when times are good. During tough times like this, it’s a must, as the public opinion […]
Great rant from Richard Russell today on the company that runs our Federal Government – Government Sachs: It’s now obvious that the Fed and the Treasury want, above all, to save the banks. Everything else is secondary. It’s also increasingly obvious that the bankers own the nation and that Goldman Sachs runs the nation and […]
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