Sunday, November 28, 2010
How to make even more money from the crisis
Jim O'Neill says the euro faces 'black swan' moment
"Jim O'Neill, one of Goldman Sachs' most senior partners, has said that the eurozone must embark on a significant round of fiscal and political harmonisation if the euro is to survive". Guess who will manage it and take a cut? "Goldman Sachs Asset Management (GSAM) manages $823bn (£528bn) in funds that invest in equities, debt and currencies worldwide. Mr O'Neill said he wanted that figure to double in the next five years".
Posted by alan @ 10:24 AM (1625 views)
7 thoughts on “How to make even more money from the crisis”
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devo says:
I thought criminals returning to the scene of the crime was just an urban myth.
Seems I was wrong.
Crunchy says:
The only black swan moment I see is with the US Dollar.
Look at your long term charts and see which is the weaker currency.
Cherubium says:
Of course, by definition if you predict it, it isn’t a black swan moment.
nomad says:
Is there an answer here in that all the money in the world is placed in the hands of Goldman Sachs, while every person becomes a partner. Would that work?
bystander says:
To$$er. I wonder if GSAM will get bailed out to the tune of 100cent in the euro if their bonds go belly up and ireland, Portugal and Spain default, like they were with AIG. It seems to invest in anything nowadays, if you are big financial institution, is a win/ win. They have absolutely rigged the game. The house really does always win. When are the Yankers going to start looking at and bleeding the US like they are doing to Europe??
Crunchy says:
3. bystander said…When are the Yankers going to start looking at and bleeding the US like they are doing to Europe??
They have been doing that for sometime now, like a group of piranahs nibbling away at the fins of a killer whale untill it is superpowerless.
Wars, what are they good for?
miken says:
Every time I hear someone mentioning Goldman Sacks I always think of the following video:
http://www.youtube.com/watch?v=PTUY16CkS-k
Sometimes I play it for a laugh if I am feeling depressed.