Waarom waren de resultaten van Goldman Sachs goed?

JurgenK 

On 17 Jul, 2009

Leverage: wat ik weet van leveraged trades is dat het nog altijd "zero sum"-game zijn: voor elke winnaar zijn er verliezers. Als ze winnen houden ze hun winst, maar als ze verliezen staat de belastingbetaler klaar om bij te springen.

http://boombustblog.com/Reggie-Middleton/1051-The-Goldman-conspiracy-theory-is-now-no-longer-a-theory.html

Verheyden Koenraad 

On 17 Jul, 2009

Antwoord op de vraag-titel : Omdat GS onderdeel is van de $-kraan.

Is Max een losgeslagen gek ? Spijtig genoeg, niet.

Zullen aanhouden staatsgaranties en stimuleringen erin slagen om de wereldekonomie uiteindelijk op eigen kracht te laten groeien !?
Antwoord : NEEN !

Gebruik hiervoor geen glazen bol maar een enorme weegschaal.

De grote ommekeer zal via een dramatische "total crash" moeten gebeuren. Schuld-devaluaties door hyper-inflaties.
Het oeroude recept voor een systemische dead lock.

Ara 

On 17 Jul, 2009

Als je de kans krijgt de moeite om de uitzending van Terzake van 14/7 te (her)bekijken: http://terzake.canvas.be/uitzending/terzake-147-city-boy/

Theo 

On 17 Jul, 2009

Very funny!!!
As usual Max is the best resident clown... he knows what a show needs.

The accounting joke from the French professor was so funny!!!

Jan Holvoet 

On 17 Jul, 2009

geen enkel verwijzing naar de joodse roots, dus toch een beetje vooruitgang na al die jaren ...

Scrutinizer 

On 17 Jul, 2009

Jammer dat degene die gelijk heeft zo'n schreeuwlelijk is, dat komt zijn credibiliteit en die van zijn zaak niet ten goede.

Gelukkig wordt dat gecounterd doordat de halve gare die fiat dollars wil vervangen door een op nog hogere niveau gemanipuleerde fiatwereldmunt zich hopeloos belachelijk maakt door te proberen te scoren met een grapje met een baard in de Engelstalige wereld: de laatste keer was het G.W. Bush die naar de hersenchirurg ging en de analyse te horen kreeg over zijn linker en zijn rechter deel.

Toch vrees ik dat m.n. Europeanen omwille van de presentatie meer waarde zullen hechten aan die op staatskosten levende Franse wereld-Keynesianist dan aan de zichzelf bedruipende sound money advocate die zijn boodschap verknoeit door zijn (gebrek aan) stijl.

Zo komen we natuurlijk nooit verder. *Zucht*

Nick Doms 

On 17 Jul, 2009

This must be the most ridiculous interview i have ever heard.
Neither one of them knows anything about GS and certainly does not understand their culture.
During the crisis, GS made money while all the other banks were losing their shirt.
They paid back the TARP money (which they did not want nor need to begin with).
Now their quarterly results exceeded expections because of underwriting and M&A revenue and they are being accused of stealing and are being called names...ridiculous.
If GS would have lost money this quarter these two geniuses would have accused them of the same things. They would have called them idiots instead of thiefs.

Sincerely,

stefaan 

On 18 Jul, 2009

van harte dank Nick voor je heldere reactie, nu weet ik dat de persoon in onderstaand filmpje werkelijk spoken ziet.

http://www.youtube.com/watch?v=NqGP3Oc5MOI

Theo 

On 18 Jul, 2009

What can you do... majority of people are so ignorant on what investment banks even do.
Their business model is so flexible, they can adapt to the market reality way faster than any retail bank could ever do. Plus they can play with the entire market around their small finger.
The issue gets even more acute when clowns such as Max here only want to make a name for themselves and have their 15 minutes of fame.
It's exactly how a lot gets said without anything of substance really getting said.


@Scrutinizer

I would think you would be proud of GS and all the rest of the Wall Street guys... after all here is a bunch which didn't allow Big Bad Government to blackmailed them.
If truth be told, they actually turned the tables around!
That was very Objectivist... without resorting to flying off to the jungle... or having to subject us to the customary moralist monologue at the end of it all.
"Show me the Money!"

JurgenK 

On 18 Jul, 2009

@ stefaan & Nick Doms:

You both don't get it!

People either blame the financial crisis either on Wall street or the FED. Both ignore that it really can be both at the same time! Either group of the government or corporate side pursue their best interests, and there's no reason to believe that either one of both side wil not tolerate policies favoring the other side, when it can have some of its benefits as well. That's why politicians and large corporations both pursue inflationary policies because it helps them both to grow at the expense of the little guy on the street!

Nick Doms 

On 18 Jul, 2009

@ JurgenK

The crisis did not start on Wall Street nor with the Fed.
It started in the synthetic markets with synthetic products that were rated by rating agencies whithout examining the content of such products and placing a AAA rating on the outside of the packaged product.

Trust me, i get it. My opinion may not be the most popular one, but then again i don't have a TV show nor do i have to sell newspapers.
You know how Rome collapsed?
Panem et Cicerem.

Sincerely,

JurgenK 

On 18 Jul, 2009

@ Nick Doms:

Same argument... Why do you think these rating agencies could get so long away with these ratings? They could get away with this thanks to the loose monetary policies of the FED. Why did these complex products exist? Thanks to bank deregulation and loose monetary policies from the FED, making people less risk averse.

Nick Doms 

On 18 Jul, 2009

@ JurgenK
Rating agencies are not influenced by monetary policy at all.
Deregulation did not affect the creation of synthetic markets, nor did monetary policy either.
I am more than willing to write about what really affected and started the domino effect and where it began, but i will need some time and room to do that if you and others are interested. I have been writing about it since 1993.

Sincerely,

Theo 

On 18 Jul, 2009

I'm interested to read your opinion.

Nick Doms 

On 18 Jul, 2009

@ Theo

I will write about it if you find a place to do so.
Where?
As a comment to another article or post seems hardly possible and i don't know of any other place unless i do it through my website.

Sincerely,

JurgenK 

On 19 Jul, 2009

I'm interested as well.

Nick Doms 

On 19 Jul, 2009

@ Theo and JurgenK

I will write an article and place it on my website. When finished i will ask Mr. Noels for permission to place a link on this website so you can access it.
Just give me a few days to write, prep and make it available in PDF format.

Sincerely,

Theo 

On 20 Jul, 2009

Thank you in advance Nick.

 

On 26 Jul, 2009

@Theo, on July 18th 10:08 am

Huh? Waarom zou ik blij moeten zijn met corporatisten die de overheid inschakelen om de vrije markt te verkrachten?
Je hebt dus niets van Objectivisme begrepen.
Je verwart -zoals zovelen overigens- kapitalisme met corporatisme. Dat laatste is moreel net zo verwerpelijk als wanneer pakweg vakbonden de regering kapen.

Scrutinizer 

On 26 Jul, 2009

Vorige post was van mij (vergeten naamveldjes in te vullen)