Watch Goldman Sachs, Looks To Be In Trouble
- Thread starter Aaron Copland
- Start date
Do you think this analyst still works there?
The restatement came in a research note dated Aug. 19 but sent out on Wednesday.
The U.S. investment bank is one of the most influential financial players in commodities markets.
Earlier this year, Goldman Sachs
equity analyst Arjun Murti predicted oil prices would spike to between $150-$200 before the end of 2009 due to his view of rising global demand and faltering supply.
"Although the recent correlation in dollar and oil prices is clear, it is important to emphasise that each of these assets are driven by multiple, varying factors ... Put differently, there is more to oil than the U.S. dollar and vice versa," the Goldman Sachs energy team said in the note.
The restatement came in a research note dated Aug. 19 but sent out on Wednesday.
The U.S. investment bank is one of the most influential financial players in commodities markets.
Earlier this year, Goldman Sachs
equity analyst Arjun Murti predicted oil prices would spike to between $150-$200 before the end of 2009 due to his view of rising global demand and faltering supply.
"Although the recent correlation in dollar and oil prices is clear, it is important to emphasise that each of these assets are driven by multiple, varying factors ... Put differently, there is more to oil than the U.S. dollar and vice versa," the Goldman Sachs energy team said in the note.
If this is true what the fuck is going on with GS. They are no longer an investment bank they are now meant to be a garden vanilla conservative bank that borrows other peoples money and lends it out as loans. No more trading their own account otherwise they should have stayed an investment bank.
The system is corrupt.
Did you really expect those with money and power to follow the rules?
Any other "Breaking News" you want to alert us about.
Have a few friends that work at GS, they are back to smoking and drinking 5 nights a week, gotta feel so bad for them, so hard making 6 digits a year lol.