Goldman Sachs speaks again!

“The Big Short” – Non-fiction 2016 movie about some key players in the creation of the credit default swap market that sought to bet against the collateralized debt obligation (CDO) bubble and thus ended up profiting from the financial crisis of 2007–10 (https://en.wikipedia.org/wiki/The_Big_Short), when they decide to take on the big banks for their greed and lack of foresight.

Feb. 16, 2016 – “Goldman Channels FDR’s `Nothing to Fear’ With Sell Gold Call – Goldman Sachs Group Inc. says it’s time to bet against gold as bullion’s rally to the highest level in a year isn’t justified, backing the bearish call with a comment from a former U.S. leader in a report that was issued, appropriately enough, on Presidents’ Day. Prices tumbled… Systemic risks stemming from the collapse in oil and commodity prices are extremely small.”

http://www.bloomberg.com/news/articles/2016-02-16/goldman-channels-fdr-s-nothing-to-fear-with-sell-gold-call

Wouldn’t it be interesting to see in which basket the big banks are really putting their eggs in?

Food for Thought or Not (or Ramblings from an Innocent Bystander)