Zero Hedge has this hilarious offering memorandum of GS’ bonus pool this year:
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click for larger, readable version
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.
Faced with the choice between changing one's mind and proving that there is no need to do so, almost everyone gets busy on the proof. —John Kenneth Galbraith
Retail Sales in Jan rose .4% headline m/o/m, .7% ex auto's, .6% ex auto's and gasoline and .7% at the core. The headline figure was less than expected while the rest were slightly better. But, with respect to non headline sales, because Dec figures were revised lower, taking the two months together were about in line with forecasts overall. Sales rose in electronics, building materials, food/beverages, clothing, sporting goods, dept stores and restaurant/bars and fell interestingly for online retailers, health/personal care, furniture and motor vehicle/parts. Bottom line, headline sales were below expectations due to the greater than expected fall m/o/m...
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August 20th, 2009 at 4:53 pm
Removal of excess liquidity and/or restrictions on flash orders and predatory HFT will impact the stock market in a bad way. Decrease the money supply and/or decrease the velocity of money and you have a crash of one type or another.
If leverage is an issue, then a Minsky moment is added to the mix. When the crash comes, is there enough leverage to create a Minsky type of unwind? Will one fall beget a greater fall? Or will stocks simply be far less negotiable for a while, causing prices to drop dramatically?
GS will make out well by betting against the market when the fall appears imminent to them, but not to those who believe in happy talk business news. After all, they are the market, more or less.
August 20th, 2009 at 5:09 pm
this is obviously a big put on- you can tell by the the disclaimer which says no puppies were harmed- as everyone knows- GS would hammer the life out of anything if it meant more money in their pockets
August 20th, 2009 at 5:29 pm
Feed the squid!
August 20th, 2009 at 5:49 pm
Akin to tea parties, we should start soy sauce / wasabi parties (goes well with raw squid)
August 20th, 2009 at 7:22 pm
When I was a kid we used to find octopuses in the rock pools. To kill them you turn them inside out. Really comparing GS to an octopus is an insult to octopuses which are rather nice quiet creatures and rather smart too.
August 20th, 2009 at 8:22 pm
octopii != squids
one is a smart cephalopod, the other is bait.
August 20th, 2009 at 8:26 pm
T be more consistent with StreetThink, the final financing vehicle for this is, as I heard, to be a “Rights” issue. This also has the effect of enhancing the transfer of wealth from Shareholders to Management.
August 20th, 2009 at 9:38 pm
Goldman Sachs was the #4 lobbyist to the last ten years giving over $31 million dollars to politicians, behind only AT&T, Municipal employee Federation and National Association of Realtors.
http://www.opensecrets.org/orgs/list.php?order=A