I returned from a quick trip through parts of Asia on Saturday, thinking that we have reached a critical stage in terms of economic policy and development in many parts of that region, especially in terms of whether this century will turn out to be ‘theirs’ in the way that so many of us believe.
Investors who are rotating their love of metallic gold into a desire for ‘black gold’ – oil – were given a cautionary warning by Goldman Sachs Asset Management, whose chairman noted a key guide to longer-term supply/demand was falling below oil’s spot price.
The German machine seems to have entered 2012 forgetting that it is in the middle of a major financial crisis.
Goldman Sachs Asset Management’s chairman says the European Central Bank’s announcement it would provide easier three year liquidity for banks in December has “dramatically reduced the the chances of a systemic banking crisis” in the region.
Goldman Sachs Asset Management’s chairman has one word of advice for investors preparing champagne if Thursday’s meeting of EU leaders brings agreement on restructuring the bloc’s founding pillars: ‘Don’t’.
Today, ten years since Goldman Sachs Asset Management’s chief economist Jim O’Neill invented the acronym ‘BRIC’, he says the world’s four main emerging economies have easily beaten most of his predictions.
The departure of Greek prime minister George Papandreou edged closer today, 6 November, even as Goldman Sachs Asset Management head Jim O’Neill said in an interview with UK newspaper The Sunday Telegraph that fiscal integration led by Germany could push more countries out of the eurozone.
In a briefing note entitled ‘Let’s worry about everything’, the somewhat exasperated chairman of Goldman Sachs Asset Management said market participants should shake off their prevailing funk, given better-than-expected data from various markets.
The chief executive of Germany’s largest bank has urged Europe’s policymakers to avert a re-run of the last financial crisis, as conditions remind him of late 2008, when three major US banks either collapsed or were merged to rescue them.
The chairman of Goldman Sachs Asset Management has increased pressure on Berlin to accept the principal of Eurobonds, saying chancellor Angela Merkel should do so as part of a “more fiscally coherent” eurozone.
The golden sheen Germany has shown during the eurozone’s crisis is fading as fund managers criticise Berlin for giving too little detail on its expectations to save the bloc, others short previously bullet-proof sovereign debt, and statistics show an economy near standstill.
Goldman Sachs Asset Management’s chairman has backed appointing a non-European to head the International Monetary Fund, and dubs “rather ridiculous” any suggestion the body’s involvement in supporting the eurozone means a European is necessarily preferable.