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What Would Stocks Do in “a World Without Buybacks,” Goldman Asks

What Would Stocks Do in “a World Without Buybacks,” Goldman Asks Companies buying back their own shares has “consistently been the largest source of US equity demand.” Without them, “demand for shares would fall dramatically.” Too painful to even imagine. Goldman Sachs asked a nerve-racking question and came up with an equally nerve-racking answer: What […]

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U.S. Shale’s Glory Days Are Numbered

U.S. Shale’s Glory Days Are Numbered There are some early signs that the U.S. shale industry is starting to show its age, with depletion rates on the rise. A study from Wood Mackenzie found that some wells in the Permian Wolfcamp were suffering from decline rates at or above 15 percent after five years, much […]

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Fed Inspector Turned Whistleblower Reveals System Rigged For Goldman Sachs

Fed Inspector Turned Whistleblower Reveals System Rigged For Goldman Sachs  Five years after we first reported on the “Goldman whistleblower” at the NY Fed, Carmen Segarra, the former bank examiner is out with a new book based on more than 46 hours of secret recordings. “Noncompliant: A Lone Whistleblower Exposes the Giants of Wall Street” is a […]

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Wednesday’s Rout Was An 8-Sigma Event: The 5th Largest Tail Event In History

Wednesday’s Rout Was An 8-Sigma Event: The 5th Largest Tail Event In History With markets in rebound mode today, the sellside’s fascination with Wednesday’s sharp, unexpected selloff continues. In the latest “hot take” on Wednesday’s dramatic drop, Goldman’s derivatives strategist Rocky Fishman takes on a different approach to the Wednesday rout, looking at it in […]

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How Will The Surge In Oil Prices Impact US GDP: One Bank Answers

How Will The Surge In Oil Prices Impact US GDP: One Bank Answers Back in late 2014, when oil prices tumbled after the OPEC “thanksgiving massacre“, the conventional narrative was that dropping oil prices were a boon for the economy as they resulted in lower gas prices and thus greater discretionary income. The stark reality […]

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Goldman Warns Of A Default Wave As $1.3 Trillion In Debt Is Set To Mature

Goldman Warns Of A Default Wave As $1.3 Trillion In Debt Is Set To Mature Ten years after the Lehman bankruptcy, the financial elite is obsessed with what will send the world spiraling into the next financial crisis. And with household debt relatively tame by historical standards (excluding student loans, which however will likely be […]

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Global Economic Warning: “A Day Of Reckoning Is Coming”

Global Economic Warning: “A Day Of Reckoning Is Coming” The world is awash in debt – some $233 Trillion is currently outstanding on a global scale. And though stock markets have seen unprecedented growth in recent years, cracks have started to appear. Just this week analysts at Goldman Sachs warned that a crash is coming, […]

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These 4 Charts Show How World Trade Has Collapsed In Just One Year

These 4 Charts Show How World Trade Has Collapsed In Just One Year Lately, nothing seems able to shake Wall Street’s bullish attitude. Investors and the mainstream continue to still ignore the worsening trade war – which is evolving into a currency war – with China. But since early May – we at Palisade have […]

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Goldman Warns Turkish Banks Will Be Wiped Out If Lira Hits 7.1

Goldman Warns Turkish Banks Will Be Wiped Out If Lira Hits 7.1 After its worst day in 10 years, the Turkish Lira’s early rebound is already starting to fade amid denied rumors of US officials predicting Lira’s demise, a record high yield at its bond auction, and Goldman warning of the collapse of Turkey’s financial […]

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Ignore Tariffs, According To Goldman This Is The Biggest Risk From A Global Trade War

Ignore Tariffs, According To Goldman This Is The Biggest Risk From A Global Trade War  One month ago, when previewing the potential fallout from an “all out” global trade war, which for simplicity’s sake many have equated with an across-the-board 10% tariff on all US imports and exports, we presented an analysis from Barclays, according […]

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Goldman: US-China Trade War Set To Worsen

Goldman: US-China Trade War Set To Worsen Echoing the comments laid out last night by Standard Chartered’s Steven Englander, this morning Goldman Sachs doubled down on how the US-China trade war will progress in the near-future, warning that it expects the tensions to get worse, at least initially. Speaking to Bloomberg TV, Goldman’s co-head of […]

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“Truly Awful Numbers”: Lira Tumbles After Turkish Inflation Explodes Most In 15 Years

“Truly Awful Numbers”: Lira Tumbles After Turkish Inflation Explodes Most In 15 Years Having stabilized modestly after its mid-June rout, which sent the Turkish Lira to a record low of 4.74 – on the re-election of president Erdogan of all things – overnight the TRY tumbled as much as 1.4% to 4.6813 after Turkey reported […]

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OPEC “Deal” Ends With Output Confusion, Sets Stage For “Deal Unraveling”

OPEC “Deal” Ends With Output Confusion, Sets Stage For “Deal Unraveling” Just 24 hours after OPEC appeared on the edge of splintering, Iran seemed to cave and in a deal that was described as a victory for everyone, OPEC member states and Russia provided a vague assurance they would boost output by striving to return […]

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Goldman: If Trump Wants To Win A Trade War, The Market Has To Crash

Goldman: If Trump Wants To Win A Trade War, The Market Has To Crash Now that the Trump global trade war ceasefire is over with both allies (Canada, EU, Mexico) and adversaries (China), the hot takes are coming in, and none more exhaustive than a note by Goldman Sachs released overnight, in which economist Alec […]

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Italian Bonds Tumble, Triggering Goldman “Contagion” Level As Political Crisis Erupts In Spain

Italian Bonds Tumble, Triggering Goldman “Contagion” Level As Political Crisis Erupts In Spain When it comes to the latest rout in Italian bonds, which has continued this morning sending the 10Y BTP yield beyond 2.40%, a level above which Morgan Stanley had predicted fresh BTP selling would emerge as a break would leave many bondholders, […]

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Olduvai IV: Courage
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