The Lost Goldman Sachs 1985 Fixed Income Recruiting Video
Authord by Sarah Butcher via eFinancialCareers.com,
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"Is The Equity Market Irrational Yet?" Citi Answers With The Following Chart
One of the bigger mysteries plaguing sellside analysts in recent weeks has been the seemingly inexplicable divergence between the euphoric market which keeps making new all time highs, and the expectations that global central banks will soon start reducing their balance sheets. it is this divergence that prompted Citi's popular strategist Matt King to predict that he "expects markets to flounder as central banks try to exit"...
Why The Next Recession Will Morph Into A Decades Long Depressionary Event... Or Worse
Two Italian Zombie Banks Toppled Friday Night
Authored by Wolf Richter via WolfStreet.com,
ECB shuts down Veneto Banca and Banca Popolare di Vicenza.
When banks fail and regulators decide to liquidate them, it happens on Friday evening so that there is a weekend to clean up the mess. And this is what happened in Italy – with two banks!
It’s over for the two banks that have been prominent zombies in the Italian banking crisis: Veneto Banca and Banca Popolare di Vicenza, in northeastern Italy.
Goldman Finds Most Modern Recessions Were Caused By The Fed
One week ago, Deutsche Bank issued a loud warning that as a result of the aging of the current economic expansion, now the third longest in history at 32 quarters, if with the lowest average growth rate of just 2%...
.... coupled with the collapse in the yield curve...
... and the risk that the Fed could fall behind the inflationary curve as a result of near record low unemployment (assuming the Phillips urve still works which it doesn't)...
... the risk is growing that the Fed could hike rates right into a recession that it itself causes: