12 09 2018 | by Victor Xing | Capital Markets
10 14 2018 | by Victor Xing | Capital Markets
Roundabout path in the snap-back of long-term bond yields
09 23 2018 | by Victor Xing | Central Banks
Calm before the storm as quantitative tightening looms
05 20 2018 | by Victor Xing | Central Banks
Alternative narrative on the natural rate of interest
01 07 2018 | by Victor Xing | Capital Markets
Flatter yield curve a symptom of ineffective tightening
12 04 2017 | by Victor Xing | Central Banks
Bond market term premium and wolves of Yellowstone
10 17 2017 | by Victor Xing | Capital Markets
How we learned to stop worrying and love the “fake markets”
09 20 2017 | by Victor Xing | Central Banks
QE’s distributional effects a rising political liability
04 18 2017 | by Victor Xing | Capital Markets
Persistent low volatility threatens active fund managers
02 17 2017 | by Victor Xing | Economics
Looming risks through the prism of bifurcated housing market
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