**Founders First Look: Goldman Sees The Path to Financial Repression
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Housekeeping: For Premium Write up later in the week.. First take: Goldman’s Economist is not messing around here. (PDF at bottom)
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Founders Summary Sections
Report Bottom Line
Goldman Sets The Table For Future Trade Ideas
The Operative Paragraphs
Given Full Employment the deficit is too high. Given this deficit, rates must rise…
Deficits should shrink when not in a recession, not grow…
Greater productivity, and faster GDP growth would lessen this risk…
History says it must get worse before it gets better…
Debt Reduction Can be achieved one of two ways…
Why They Will Default to Financial Repression…
Report Bottom Lines
The report screams two things.
It is their opinion the US deficit and current spending is an unsustainable situation…
It must get worse before it gets better
Goldman Sets The Table For Future Trades
Find attached at bottom a Goldman Economics think piece.
It is from these pieces we get the best Goldman trade ideas that will be pitched weeks or months from now to their own client base.It is from these type of reports we get the idea of what their own traders are buying right now to various degrees in anticipation of specific recommendations.