Goldman Sachs: Would you trust them?
October 23rd, 2009
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.
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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