Sean King

My photo
Knoxville, Tennessee, United States

Monday, January 25, 2010

Goldman Warns Fed Not to Raise Rates

Vincent Fernando:
Not only does Goldman say the fed won't raise rates, but they even say that the Fed shouldn't; which if Goldman-conspiracy theorists are right essentially means the Fed won't.

Not necessarily, Vincent. Many Goldman-conspiracy theorists would suggest that Goldman's pronouncement means just the opposite: That is, that it already knows the Fed is likely to raise rates and is simply trying to convince the public and its clients of the opposite, all in a cynical attempt to maximize its own trading profits once the rest of us are clued in to the real deal.

Such theories sound far fetched, but Goldman has done such things before.

No comments: