Goldman’s Cohn: Dream on if you think the Fed is hiking rates in September
Breakfast with Benjamin: Gary D. Cohn, president and COO of Goldman Sachs, believes the economy and markets are in no shape for higher rates.
- Just because the Fed hasn’t raised interest rates since 2006 is no reason to believe it absolutely has to raise them this year. Bottom line is, no matter how much Yellen & Co. hem and haw about the improving strength of the U.S. economy and how things are moving along as planned, the economy and the financial markets are in no shape for higher interest rates. Goldman’s Cohn: ‘We’re probably less ready than people think.’
- More proof that investors too often buy and sell at the absolute worst times. There is truth to higher risk equals higher returns, but you gotta be able to stomach the risk.
- Wall Street is still buzzing over the Fitbit (FIT) IPO, because the successful offering has wider implications. AAPL, GOOG, GRMN, INTC
- Hank Greenberg is setting his sights on Cuba as a business opportunity. Seeing green in the more normalized relations with Cuba
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