Goldman Took The Pulse Of Corporate America. Here’s What They Found
Well, Goldman is out with the latest edition of their quarterly corporate "Beige Book," in which David Kostin and his disciples comb through earnings transcripts in search of clues as to what management teams think is important.
The idea is to discern common themes and then extract management's take on those themes on a company-by-company basis.
Unsurprisingly, companies are concerned with growth, regulation, and labor inflation.
You'll recall we took a look at wage pressure and how it affec
“reminds investors that we are in the eighth year of the current expansion.” Someone seems to be unable to discern the differences between and economic expansion from the mean – and an economic recovery from level below mean not seen since the Great Depression. In many economic sectors we have not even recovered to pre-2007 levels of economic activity. This means at best there has been specific economic sector expansion, but not a broad economic expansion. I would suggest that calling a partial economic recovery an “economic expansion” is self-destructive to ones overall professional economic credibility.
Depending on : the highest out of the water ,will be the last ones to rise and maybe not so much as the others, benefits may not last as long as the first to rise.
As usual Goldman is full of sh*t. They sugarcoat what all of us out in the real world already know, wages (my ass) are not going up with this inflation. Stores are closing rapidly now and more people are on the street, car repo’s are way more frequent and milk is MORE expensive. MILK…………. Get it, got it, good. Somebody wake the Fu*k-up out in “Everything is rosy land”, it is not. The retail investor is going to get caught holding the bag again as Wall Street and pals bolt for the EXITS.