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HomeWhat Else Was Happening at Goldman Sachs?
Posted by Larry Doyle on April 23rd, 2010 9:08 AM |
Living life on the edge may be exhilarating and at times highly profitable, but in the process the risks can be enormous and the impact longstanding. So is the world of Goldman Sachs circa 2010.
Goldman’s pursuit of a highly proprietary business model since the late 1990s has now placed the firm squarely in the crosshairs as the master villain on Wall Street. The executives at Goldman may deem this view to be unfair, but they have nobody but themselves to blame. This blame goes far beyond current Goldman chief Lloyd Blankfein. The blame can be directed at former chiefs Jon Corzine and Hank Paulson, as well. (more…)
Overnight Developments April 15, 2010
Posted by Larry Doyle on April 15th, 2010 6:52 AM |
There have been a number of developments overnight which highlight the fact that the cross currents on our global financial landscape are anything but smooth and consistent. Let’s touch on a number of these stories with a brief editorial comment so we can most effectively navigate the economic landscape.
1. China’s 1st quarter GDP registers an 11.9% year over year increase. Be mindful this increase is compared to 1st quarter 2009, when the global economy came to a virtual standstill. What will China do to slow their economy from overheating? (more…)
