Friday, February 17, 2017

GET READY FOR THE NEXT GLOBAL FINANCIAL CRISIS

Investors are betting big U.S. banks can generate larger profits and pay out more to shareholders if Trump sidelines the industry’s sharpest critics, dismantles post-crisis rules and pursues policies that spur inflation and lift long-term interest rates. While Trump repeatedly attacked Goldman Sachs’s government influence during his campaign, the New York-based firm is now positioned to have its market philosophies expressed in policy in coming years.

[source : Goldman Stock Hits Record on Bets Trump Will Unleash Wall Street, Bloomberg, https://www.bloomberg.com/news/articles/2017-02-14/goldman-stock-hits-record-on-bets-trump-will-unleash-wall-street, 14th February 2017]

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