[Peace-discuss] Exuberance on Wall St. & @ Goldman Sachs

[Carl G. Estabrook]

All the more reason to press for single-payer healthcare, a universal basic income, and a wealth (not income) tax.

The Democrats of course won’t do that, so the campaign for economic justice will have to be 'extra-parliamentary.'



> On Feb 9, 2017, at 2:54 PM, Szoke, Ron via Peace-discuss <peace-discuss at lists.chambana.net> wrote:
> 
> Goldman’s No. 1 is so bullish on Wall Street, he coined his own term for it
> By MARK DECAMBRE
> WSJ, Feb 9, 2017 3:33 p.m. ET
> Goldman’s shares have gained by about a third since the Nov. 8 presidential election
> 
>  . . .
>    Blankfein & Co., have been big beneficiaries of Trump’s policy agenda, including those aimed at peeling back aspects of the Dodd-Frank bank reform act that were written into law in the wake of the 2008-09 financial crisis. Also, a number of Goldman alum are among Trump’s confidants and cabinet members, including the bank’s former No. 2, Gary Cohn, who is now director of the president’s National Economic Council; Steven Mnuchin, nominee for Treasury secretary; and chief strategist to the president, Steve Bannon.
>    And Goldman, along with the rest of the banking sector, has rallied sharply, gaining 33% since the Nov. 8 election win by Trump, compared with a 7.3% gain for the S&P 500 index SPX, +0.60% and roughly 10% rises for the Dow Jones Industrial Average DJIA, +0.60% and the Nasdaq Composite Index COMP, +0.59% over the same period. Those three stock-market benchmarks all hit intraday records on Thursday.
>  . . .
> 
> <Karl, taking a dim view ....jpg>
> 
> Karl, taking a dim view of it all . . .
> 
> 
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