Business

Goldman Sachs FICC-trading income was an unexpectedly ugly blemish on what was already a poor Q2 earnings report. And while the FDIC-backed hedge fund initially blamed the decline on lower trading revenues, lack of volatility and depressed client activity...

... there was more to the story. The Wall Street Journal has uncovered what really happened: A $100 million bet on regional natural-gas prices gone awry after production problems at a local pipeline sent prices soaring, decimating Goldman’s short position.

For all the funds out there looking to fill their portfolio with "environmentally conscious" companies working diligently to avert an inevitable global warming catastrophe that will result in the extinction of the human race, we guess in lieu of their actual fiduciary duties to simply make money for their investors, Morgan Stanley has compiled a list of how you can get the most 'environmental healing' per dollar invested. 

Authored by Lance Roberts via RealInvestmentAdvice.com,

Last week, I penned the following:

“Now, you would suspect the possibility of nuclear war might just be the catalyst to send markets reeling, but looking at the market’s reaction on Thursday, I suspect there will be t-shirts soon reading:

 

‘I survived the threat of nuclear war and the ‘great crash of 2017’ of 1.5%'”

Have Harvard Professors Given Up Scholarship For Fake News?

https://sputniknews.com/us/201707281055976748-harvard-professors-fake-news/

The post Have Harvard Professors Given Up Scholarship For Fake News? appeared first on PaulCraigRoberts.org.

As we pointed out earlier, the chances of government agreeing any kind of debt ceiling deal (and avoiding a government shutdown) is dropping fast as USA default risk spikes and the Treasury Bill curve inverts. Goldman Sachs is now concerned also...

Uncertainty in The White House is starting to make investors realize the chance of successfully navigating the debt ceiling crisis without a government shutdown are dwindling...

Via Goldman Sachs,