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Goldman Sachs Tiptoeing Into The Bear Camp

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Mr Berezin said the Goldman's "decoupling" thesis was based on the assumption that the US housing slump was a "country-specific-shock" that would not spill over into other economies. This was now in doubt.

"The spread of global credit risks has introduced a new potential transmission mechanism. If home prices in the key economies begin to fall, this will have an adverse effect on global growth," he said.

lol

Edited by Ash4781

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....the article quotes how it was thought initially the US property collapse would only affect the US....and now it is thought like the bubbles in other countries it will affect all economies in the world.....they did not say why...!......but ...we know why......it is the poisoned wraps sold off as triple 'A' in the CDO's and spread around the world's financial systems like a flu virus.....currently lying dormant but about to activate at any minute......I wonder how much GS know about this but can't say or will not say...?...... :ph34r::ph34r::ph34r:

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Not really. They probably knew this as long as we did. It's just they know that now is the time to say it and not be laughed at.

Maybe they use spin while they batten down their own hatches.

Take HSBC selling their HQ in Canary Wharf earlier this year when the banks were predicting outlandish property price increases ad infinitum. Seemed like a sure fire one way bet to have property. But they sold, got out inthe nick of time.

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Maybe they use spin while they batten down their own hatches.

Take HSBC selling their HQ in Canary Wharf earlier this year when the banks were predicting outlandish property price increases ad infinitum. Seemed like a sure fire one way bet to have property. But they sold, got out inthe nick of time.

...commercial property was 'fishy' already by the time they sold.... <_<

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