Goldman Sachs Says It May Be Forced to Fundamentally Question How Capitalism Is Working
The question of whether corporate profit margins can maintain their elevated level, or whether they will inevitably revert to mean.
Goldman wrote: "We are always wary of guiding for mean reversion. But, if we are wrong and high margins manage to endure for the next few years (particularly when global demand growth is below trend), there are broader questions to be asked about the efficacy of capitalism."
Needless to say, it's not every day you see a major investment bank say it might have to start asking broader questions about capitalism itself.
MarketWatch 3 January 2016
http://www.bloomberg.com/news/articles/2016-02-03/goldman-sachs-says-it-may-be-forced-to-fundamentally-question-how-capitalism-is-working
Treasury Secretary Henry Paulson of Goldman Sachs
http://www.internetional.se/hmp.htm
Se also David Stockman
http://www.internetional.se/DavodStockmanIntcom.htm
Goldman wrote: "We are always wary of guiding for mean reversion. But, if we are wrong and high margins manage to endure for the next few years (particularly when global demand growth is below trend), there are broader questions to be asked about the efficacy of capitalism."
Needless to say, it's not every day you see a major investment bank say it might have to start asking broader questions about capitalism itself.
MarketWatch 3 January 2016
http://www.bloomberg.com/news/articles/2016-02-03/goldman-sachs-says-it-may-be-forced-to-fundamentally-question-how-capitalism-is-working
Treasury Secretary Henry Paulson of Goldman Sachs
http://www.internetional.se/hmp.htm
Se also David Stockman
http://www.internetional.se/DavodStockmanIntcom.htm
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