Silver as an investment

Tag Archives: goldman sachs

The Lost Goldman Sachs 1985 Fixed Income Recruiting Video

Authord by Sarah Butcher via eFinancialCareers.com, In 1985, Goldman Sachs was still a partnership. The current partners owned around 80% of the firm, retired partners held the remainder. Lloyd Blankfein was a 31 year-old trader at J. Aron, the commodities house Goldman had purchased four years earlier. Run by John Weinberg, a former M&A banker, […]

Venezuela’s ‘Goldman Bounce’ In Reserves Is Gone

The boost in foreign reserves Venezuela enjoyed after Goldman Sachs investment arm picked up $2.8 billion of bonds from the state oil company is almost gone. "We're gonna need another boost…" – time for some more Goldman 'swaps'? As Bloomberg notes, the country’s cash hoard has fallen $326 million this week to $10.2 billion, near the 15-year […]

DOJ Moves To Seize DiCaprio’s Picasso, Rights To “Dumb and Dumber To” As Part Of 1MDB Case

zerohedge.com / by Tyler Durden / Jun 15, 2017 As part of the ongoing money-laundering probe of Malaysia’s sovereign wealth fund, 1MDB, which is perhaps best known for Goldman’s enabling and participation in what may end up being one of the world’s biggest, multi-billion, cross-border embezzlement schemes, on Thursday the DOJ moved to seize a Picasso and […]

Morgan Stanley Builds Mortgage App To Try And Stay Relevant As Fintech Booms

It’s no secret that Wall Street lives in constant fear of Silicon Valley. Bank CEOs probably wake up in a cold sweat after imagining that their clients have handed their money to some new startup that’s found a way to disrupt a financial service like, say, wealth management. To try and fend off the robo-advisers […]

Paul Craig Roberts Warns “Without Glass-Steagall, America Will Fail”

Authored by Paul Craig Roberts, For 66 years the Glass-Steagall act reduced the risks in the banking system. Eight years after the act was repealed, the banking system blew up threatening the international economy. US taxpayers were forced to come up with $750 billion dollars, a sum much larger than the Pentagon’s budget, in order […]

What Trump Told Yellen In The Oval Office (Next To Gary Cohn)

In an otherwise quiet morning as we await Jeff Sessions’ testimony, a WSJ article is making the rounds which recounts the interactions between Trump and Janet Yellen – who it turns out were born two months apart in neighboring boroughs of New York City – according to which despite Donald Trump’s fierce criticisms of the […]

The Risk To The “Bull” Thesis

Authored by Lance Roberts via RealInvestmentAdvice.com, Following the election, the markets began pricing in a strongly recovering economic environment driven by a wave of legislative policies. While the market has indeed advanced, the economic and fundamental realities HAVE NOT changed since the election. As noted on Friday: “Economic data is not buying it either. Headline after […]

LTCM Is Back: One Hedge Fund Uses 25x Leverage To Beat The Market

Before we start, a little history lesson… At the beginning of 1998, Long-Term Capital Managementhad equity of $4.72 billion and had borrowed over $124.5 billion with assets of around $129 billion, for a debt-to-equity ratio of over 25 to 1.   It was run by finance veterans, PhDs, professors, and two Nobel Prize winners. Everyone […]

Jim Rogers Warns Next Crisis Will Be “Biggest In My Lifetime”

Billionaire commodity guru Jim Rogers believes the next economic catastrophe is coming. And when it arrives, it’ll be the worst financial calamity the 74-year old investor has ever seen. Rogers, who discussed his outlook on “The Bottom Line” with Henry Blodget, told the Business Insider founder that the tremendous debt buildup and unreasonably high asset […]

Venezuela’s “Mysterious” Bond Deal Reappears, And This Time China Wants Out

As its foreign reserves dwindle to less than $10 billion, the government of Venezuela – desperate for any kind of financial lifeline – has partnered with a Chinese brokerage to try and resell $5 billion in bonds that it initially issued at a deep discount, according to the Wall Street Journal. The brokerage, Haitong Securities […]