Tuesday, March 05, 2019

How are the "fitness tests" coming for Wall Street?

There is a growing problem with Goldman Sachs. At a time when every country in the world is moving toward a zero greenhouse gas emission policy, Goldman holds enormous numbers of petroleum stocks, including oil and not just natural gas which one would expect to some extent. But, add too that the exposure of Goldman's interest in China through the former Treasury Secretary. Add to that heavy investment in cryptocurrency by Goldman Sachs. With those three elements of any deal book and there are reasons to be concerned about Goldman's PUSH to taunt insolvency, including bloated real estate equities. There is too much circulating liquidity in the Wall Street economy and there needs to be better scrutiny of it's stability. I think the glut of monies in Wall Street are creating instability as they buy up all kinds of formerly unattractive investments. They are moving toward monopolies and it is not reasonable to believe they will sustain such risk investment.

Congresspersons need to start to ask what happens if Wall Street pulls a 2008 collapse again? Is the USA even able, with such insults to it's income under this administration, to pull them out of another collapse?

Everyone knows the USA economy is built on capitalism and there is that belief that the more capitalism the better and freedom produces the best economy; that has to be tempered with oversight.

I might ask one of the reasons the Wall Street collapse of 2008 didn't fall below a DOW of 7000 is because of the baseline economy of the USA which includes programs such as Social Security.