Goldman Sachs

Goldman Sachs: Fiscal outlook for US ‘is NOT good’

Goldman Sachs expressed its concern over the matter of the continuing huge budget overruns the United States Government amasses every year. CNBC reported that Jan Hatzius the chief economist at Goldman, predicted the annual budget deficit rising to over $2 TRILLION by 2018, an amount that is projected to be about seven percent of the Gross Domestic Product (GDP) for that year.
He further noted:

Wall Street Admits Curing Diseases is Bad for Business

Goldman Sachs has outdone itself this time. That’s saying a lot for an investment firm that both helped cause and then exploited a global economic meltdown, increasing its own wealth and power while helping to boot millions of Americans out of their homes.
But now Goldman Sachs is openly saying in financial reports that curing people of terrible diseases is not good for business.

Goldman Sachs Analyst: Curing Patients Not a Sustainable Medical Business Model

(ANTIMEDIA) — One of the most reviled companies in the United States recently gave Americans yet another reason to distrust their power: A recent Goldman Sachs report reveals the company questioning whether or not curing chronic illness is compatible with a sustainable business model. In an internal report viewed by CNBC about the potential of the biotech industry and gene […]