02 17 2017 | by Victor Xing | Economics
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November PCE: dollar strength weighed on goods inflation
12 14 2016 | by Victor Xing | Central Banks
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October Payrolls: decent data with stronger wage growth
11 02 2016 | by Victor Xing | Central Banks
November FOMC: forward guidance and the return of “some”
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September Payrolls: signs of tighter labor market slack
09 26 2015 | by Victor Xing | Capital Markets
Why is Goldman Sachs so popular?
There are several factors behind Goldman’s popularity (from an interest rates trading perspective):
- Macroeconomics. Goldman’s chief economist was trained by the current President of the , then Goldman chief economist . I respect both Mr. Dudley and Mr. Hatzius’ views, and GS is very strong in terms of monetary policies.
- Knowledgeable and professional. I learned a lot from the Goldman salesperson who covered us. He was humble, knowledgeable, and highly articulate with his thoughts (so were the GS traders). GS was there when I was super junior and had few people to ask questions (this is part of long term greed – see below)
- Training. My mentor who trained me came from GS, and I had a glimpse into their training program.
- Long term greed reduces the risk of short-term folly. GS is dependable because it is greedy over the long haul. Relationship comes first, then the money. Some smaller firms do unsavory things for a quick buck (and ruin relationship as a result). That is *less likely* to happen at GS.
Next article09 25 2015 | by Victor Xing | Capital Markets