These people can’t stop lying. One of Goldman’s economists, Daan Struyven, issued a report declaring that if the 10yr jumped to an absurd 4.5% this year, well then, stocks would decline by 20 to 25%. Daan’s (I feel like a goat saying his name) base case scenario is for the 10yr to run up to 3.25% by the end of 2018; but that’s a very boring and monotone point of view. To spice it up a bit, he chucked in a scenario that is an impossibility.
Might I posit the 10yr is less likely to jump to 4.5% this year than a gigantic asteroid striking the planet rendering all life obsolete.
He couched his asinine report by calling it a ‘stress test.’
But it makes for good headlines so expect to see and hear all of the faggots sashay to and fro discusses this very important note today and tomorrow.
I’m guessing Daan is a Dutch name — a nice man from Amsterdam? I didn’t start this blog with the intention of being mean. Truth be told, I’m in a good mood and don’t really have a bone to pick. But come on — these notes are designed to shake people upside down until their money drops out of them, permitting Daan’s employers to gobble it all up like Noo-Noo.
Fuck off Daan and double fuck off Goldman Ball Sachs.
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100%
In other news we have a major infraction by citi bank. unauthorized charges to 1.75 million people. will like to see ceo grilled board dismantled on capitol hill. also limits the balance sheet. they offered to repay it but taking money out of peoples accounts is like making a fake one. serious problems at that bank.
GS and their “strategists” are the equivalent of CNN fake news in finance. short term and 10yr int rate can be anything the FED wants it to be if it suits their agenda. FED sets int rates directly or via its proxies. all that markets do these days is front-run the FED. nothing more.
I have stress tested the market and determined S&P will drop 30% if rates go to 5% and 35% if we go to 6%. Mmmhmm. Futures up in pre-market.
Can i make Goldman Money if i can correlate things like X causes Y
Daaaaaaan