Regular readers of Gold Goats ‘n Guns know that I’ve been handicapping a major sovereign debt default to begin here in 2018 or early 2019. But, what do I mean by that?
After 12 years at the helm of Goldman Sachs, Lloyd Blankfein is finally parting ways with the Vampire Squid.
In a press release, Goldman said that Blankfein – who has been CEO and Chairman since 2006 – will step down as Chief Executive Officer on September 30, 2018, and will retire from the firm and as Chairman of the Board at the end of the year. Blankfein will accept the title of Senior Chairman after his retirement. Solomon will join the firm’s Board on October 1, 2018.
Solomon was appointed President and Co-Chief Operating Officer in 2016, shortly after
After sitting down with President Trump earlier in the day, President Putin joined Fox News’ Chris Wallace for a combative interview where he insisted that the idea that Russia could have influenced the votes of millions of Americans during the 2016 election was “utterly ridiculous” while insisting that Russia doesn’t have compromising materials on President Trump. The interview aired on “Special Report” on Monday as the bipartisan backlash to Trump’s meeting with Putin was beginning to grow, and President Putin started off with some advice for the world (and perhaps even more so, the sheep in America):
“As for who
Compared to the other banks, Goldman’s earnings remain a breeze because despite the recent launch of Goldman’s deposit/loan operation, Marcus, a long time will pass before people start caring about its balance sheet and how much the bank makes through net interest margin. Which means the only thing that matters is the income statement, and here things are relatively simple: the company smashed both the top and bottom line, reporting Q2 revenue of $9.40BN, above the consensus expectations of $$8.74BN, and 19.2% higher compared to Q2 2017 if modestly lower than the bumper Q1. EPS of $5.98 was over a
Cable is sliding and GBPEUR is at one-week lows following reports that UK’s opposition Labour Party will back a Tory rebel amendment to Theresa May’s trade bill, a key piece of Brexit legislation – leaving her at risk of defeat following last night’s razor thin majority.
As a reminder, last night saw Brexiteers narrowly defeat Tory rebels by just three votes on two amendments, and now the Labour Party has reportedly chosen to back a new amendment to the current Trade Bill, put forward by Tory MPs Stephen Hammond and Nicky Morgan that would force the Government to stay
While the Q2 earnings season “unofficially” began Friday with JP Morgan’s beat on both the top and bottom-line estimates, roughly 5% of S&P 500 companies have already released their quarterly results. And a FactSet analysis of company earnings calls revealed that while American companies have made much more noise about the destabilizing impact of President Trump’s trade war, currency-related factors have been cited much more frequently as having had a negative impact on company performance. In its analysis, FactSet searched for specific terms related to a number of factors (“currency”, “China”, “trade” etc) in earnings call transcripts. The company then
Submitted by Mike ‘Mish’ Shedlock
My article Congratulations to President Trump for an Excellent Summit with Putin spawned numerous some I could not tell if they were sarcastic or not.
Former California Gov. Arnold Schwarzenegger blasted President Trump for sullying the legacy of another former California governor – Ronald Reagan – by refusing to stand up to Russian President Vladimir Putin during a meeting of the two leaders in Helsinki on Monday.
The “Terminator” star expressed his disdain in a video posted on Twitter, where he called the appearance “embarrassing.”
US equity futures are flat, alongside European and Asian stocks as global markets recovered some ground on Tuesday after oil prices stabilized and as trade war fears subsided with attention still squarely focused on Trump’s Putin summit, even as global tech stocks, Nasdaq futs and FAANGs – or is that FAAGs now – felt the pressure from yesterday’s NFLX earnings bomb. The dollar rebounded from overnight lows if still down for the 4th day ahead of a bevy of earnings and before Fed Chair Jerome Powell’s much-anticipated testimony to the U.S. Congress.
The MSCI’s world equity index was broadly unchanged,