I have specs somewhere on my hard drive for products that, if we had actually created them, really could have been huge Internet companies. But it’s not the idea that matters, it’s the execution. — Joel Spolsky, http://www.joelonsoftware.com/articles/fog0000000076.html

Goldman Sachs: Would you trust them?

Posted on 23 October 2009 by Erwin

Goldman Sachs Research just completed a visit to China where they’ve concluded that their bullish thesis on the country was justified, China commodity demand would drive prices higher and they feel increasingly confident about their current $94 crude oil price target.

More here.

Prices of oil will surely go up because their being measured in worthless currencies.
The China real-estate market has been in bubble mode since the credit bubble started in 2001.
Shanghai real-estate prices per sq ft are comparable with Los Angeles, yet these are 70-year land leases, not purchases.

Shouldn’t we know by now that if Goldman says to buy, it probably means that Goldman insiders are already selling.

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