I'm an analyst at Goldman Sachs.
No, I'm not Jewish.
Ask me anything you want to know. About Brexit. About whatever.
Fuck I'm so fed up with this shit.
>>79112856
Will FXB go up in within 6 months? Will it go back to atleast 140? I want to buy around 20 options contracts. Lmk famm
>>79112856
What are the updated forecast on the UK economic growth since they cut themselves from a 550 million people market ?
Did the markets actually go down or was that a Jew trick? How do you feel about white nationalism? Do you believe in gas chambers?
>>79112856
Why didn't you guys just get my Trillion Dollar Loan ready?
>Now I have to extract it after being laughed at.
>>79112856
Why did you fuck with the stocks?
because the internationalist banking cartel did not give me my money I shall take their Clay.
Are you doing God's work?
>>79112856
Why do you contribute your labour to an entity that's actively trying to enslave the world?
How's the treatment of the staff there? I work with a local bank here and the welfare is excellent. Heard big banks treat their employees, managers and below, literally like slaves
>ama thread without posting proof
kys
how do i make money off of brexit?
>>79113031
I mean, I'm not an economist, they'd be better at answering shit like that.
But they've been giving us daily memos.
They gave us two scenarios post-Brexit, nasty divorce and friendly divorce.
They weigh both as equally likely, nasty divorce = .7% GDP growth down from ~1.7% and certain recession. Friendly it'll drop to about ~1.3%.
Truth is we don't know how this shit's going to go. Our MD told us that it all depends on the talks going forward. Until anything substantial happens, we can expect $1.20 as the lower bound.
Expect worse if/when a Scottish referendum happens.
>>79112856
Crash the market with no survivors then kill yourself. Also live stream it.
>>79112856
right...
>>79113336
Also requesting this, have much capital to play with. I'd like to Jew the Jew for once
>>79112856
According to your predictions, when will the next crash happen?
>>79113336
Buy this shaving cream
>>79112856
Post pics of sexy female secretaries
>>79112856
Was it all according to keikaku?
>>79113508
This
>>79113492
That reminds me I need new shaving soap.
Thanks anon
>>79113508
> female secretaries
look where your jewish perversion led us
>>79112856
>Analyst
More like their intern who gets coffee from time to time. You know nothing, OP.
>>79112856
Proof or GTFO shill. I don't believe Goldman would hire someone who wastes his time on this board.
>Also Goldman Sachs
>GOLDman=JEW
>Sachs=JEW
>You're a jew son
>>79113492
I bought lavender, I regret nothing
>>79112856
What field do you work in ?
>>79113274
Believe me or don't, idgaf. I'm not losing my job for this.
>>79113085
Markets actually went down. The basic problem is that EU made trade and finance services cheaper from UK to rest of EU. Without EU, it's uncertain how quickly good (cheap) relations will be re-established, and it's certain they won't be as cheap as while in EU. And white is right ;)
>>79113256
It depends. It all depends. Analysts (me) are driven to the fucking bone. Operations is much closer to a 9-5, but it's more like 8-6. Still not bad though. I get in at 7 sharp and leave no later than 9 usually. They're pretty hands off though, you get your work done and you're treated well.
>>79113240
Because I'm really good at it and it benefits me a shitload.
>>79113336
At the moment, we don't really know. The obvious solution earlier was to speculate on the GBP, but now that's kind of stabilized at a low level. I find pessimism is more profitable, people prefer not to think talks will go poorly. But they well might. Could try placing bets there.
>>79113710
I like this British product enough to shill for it, for free. Don't tell anyone, I'm a kike.
Anglo kike tho
>>79113487
Internally, as of today, we were told 45% chance of global recession within a 12 month period. But it depends so heavily on the negotiations that it's almost entirely chancy.
>>79113838
Equities
>>79113365
How do i get a job where you work ?
>>79113971
Thanks.
Next question:
Will you fake turkeys balance sheet like you faked greece's in order to join the EU?
>>79112856
Is the ongoing banker"panic" true? Are they concerned about the next decade? Or are things viewed as too big to fail?
>>79113808
You're not far off. Analysts are the grunts. I spend 99% of my day grinding through excel building models while higher ups present them to clients and get the fucking credit.
Thankfully it's only about a 2 year sentence. Assuming you make the grade for associate.
>>79114140
This is cool to know. Please answer
>>79114009
Research ? Trading ?
Any specific industries ?
How do you find it, looking to break into the biz
Are you kikes losing their minds?
What should I buy for best return over 24 months?
>>79114140
We can't do that shit. I don't think you have any idea how hard that is.
We have segregation of duties out the ass. If I want to sneeze, I have to ask someone from another department who I don't know for a tissue.
We just want to make money.
>>79112856
Are the bathrooms super nice? Cloth or Paper towels?
>>79114114
I double majored in Economics and Philosophy at a good school. Got good grades, got the job, no internship.
Make yourself stand out somehow. They fucking hate the deluge of "business majors."
How much do you make in a year?
What university do you go to?
What was your major?
>>79112856
Is oil going to tank like it did in 2008 or are the Arabs going to drive it up?
>>79114383
http://www.nytimes.com/2010/02/14/business/global/14debt.html?pagewanted=all&_r=0
You did it once money bro, maybe you are not up high enough on the rank ladder to know about this stuff.
>>79114295
Trading rn, but looking to go back to school or something or just finagle my way into high level research positions.
Working in trading is intense. Really, really intense. They work you hard.
Maybe it's a "the grass is always greener" thing, but I think research would be way less tedious and more rewarding.
>>79114495
S-stefan?
>>79114451
Have you ever been in an airport bathroom? It looks kinda nice. Mostly smells not like shit, until it does.
The muckity mucks are the only people who get bomb ass bathrooms.
>>79114593
80k, not an ivy but a uni ranked highly in economics, economics & philosophy double.
I worked for Coutts, for a time. Nothing to do with what you do, but I suppose the end goal was much the same. Everyone I knew at Goldman Sachs liked golf too much and thought mahogany was a natural skin tone. Do you have a personalised number plate and pink dress shirts?
On a serious note, I'm interested in who you have recording all these trends and movements - or rather the amount of priority you're giving it. What has happened now has never happened before. If I was your boss I wouldn't be asking you to figure out what the repercussions are of this, I'd be asking you to provide potential outcomes on the repercussions of the next exit.
>>79112856
When will SDRL be 10$+ again?
Is MORL dividends gonna stay high as they are, or be abolished?
>>79113856
I assume you work at the headquarters across the hudson? what train do you take to get in and how long is your commute?
>>79114866
That's underwhelming. I was expecting more.
>tfw I as a farmer make more than a Goldman Sachs analyst
Feels kinda weird desu.
>>79114695
Nice - I'd like work in physical commodities as an analyst -> trader
But research/IB would be sweet too, as long as its in an industry you find interesting
>>79114673
People think we mastermind this shit or something. We sell our financial services. We make bank on commission.
I am all for putting the chains on Goldman, Morgan, JPM, etc. Seriously. We need to be fucking regulated. But ultimately Greece did it to themselves.
When a guy shoots his wife, you don't blame the gun store. The gun store's job is to sell guns to people who want to buy them.
If you don't like that, regulate us.
>>79115018
Pretty sure that's pre-bonus though.
Not to mention analyst is the bitch
>>79115018
80 thousand USD a year for someone who is probably three years out of college is an excellent wage.
What you have to remember is that a lot of city boys are serial liars. 10 percent commission becomes 20. A potential deal is a sure thing. A raise is a skyrocket. People on the outside looking in either buy it or assume that anyone working in finance or brokerage is raking it in. Lots of people are, but no one in their 20s.
>>79114881
Repercussions are everything though. If I can predict the repercussions, then I can place bets that make me and the company
>>79114495
So the "you need good connections" thing just a meme? Or the "only if you graduate from top ranking Uni" one?
>>79115018
You're pretty close to your ceiling though, he's an entry level employee with nothing but a huge upside to his earnings.
> tfw I get my food, beer and gas from Gov't subsidized American corn
>>79115188
Of course it is 99% Greece fault BUT we wouldnt be paying for their faults if you did not manipulate so..
I think you're full of shit. If you are going to the GS head building from manhattan on the West Side, where do you go and what train do you get?
>>79115390
i take a helicopter there you fucking peasant
>>79115382
Then stop us. Seriously, as long as you don't regulate us, we are just going to keep doing our only job, make as much money as humanly possible. It makes me sick, and really hard at the same time.
>>79115018
For first year that is pretty standard. Money comes with promotions. He also didnt include bonus i think.
>>79112856
did you as an analyst predict brexit would happen, and why didn't the markets?
>>79115520
I guess what you did there was already illegal. I would fuck Greece for it. And have the responsible GS CEO killed.
>>79115390
None. Boat taxi.
>>79115520
>Then stop us. Seriously,
You won't answer how to get to the headquarters by train, which if you do make $80k per year, you'd know bc you'd do it every day.
If not living in mahattan, what stop is it on NJT? Why do people lie outrageously? Will never get it.
>>79115637
>And have the responsible GS CEO killed.
That's 1933 talk, mohammed
>>79115520
>Sick and really hard at the same time
Sounds like every time I drink
>>79115637
It wasn't illegal, in that there was no regulation there to stop it from happening.
>>79115312
Then what are the repercussions?
I've no idea what an analyst in an investment bank actually does.
>>79112856
Are you faggots loading up on gold miner shares?
Even though your dirty jew overlord bosses publicly bashed gold last year lol.
>>79115520
>really hard
pics?
>>79115750
Don't take a train. Boat taxi is closer.
>>79115701
>Boat taxi
you're retarded and have never lived in NYC. there is no boat taxi for commute there, it's one specific train at Penn station that would run there.
Anyone who has ever been to that building knows it. People are psychotic attention whores after this place gets in press.
>>79114140
this
http://www.vanityfair.com/news/2010/10/michael-lewis-greece-201010
So no one was actually expecting Brexit to succeed?
What EU nation will most likely follow UK out the door?
>>79115701
You take the GS ferry too? I ride that shit downtown from JC all the time
How old is the youngest person that works at goldman?
>>79115753
No Mohammeds in this house, burgerbro
>>79115815
I am pretty sure that faking your balance sheet in order to join the EU was illegal when Greece joined.
>>79115916
lol okay man, I guess I don't take the boat taxi to work every day then. You cracked the DaVinci code, I've been hallucinating the whole time.
Glad to see a brit knows my local geography so well!
>>79115916
ever hear of ny waterway?
>>79116024
Under whose law?
>>79116013
Ages rarely come up, but this one kid on my floor looks no older than 18. I don't know if that's just how he looks though.
>>79116054
No that's not real this foreigner clearly knows his way around NYC better.
>>79112856
What is your take on all the movies and documentaries about investment banks and 2008 crisis (like The Inside Job, Too Big Too Fail, The Big Short etc.) from the insider standpoint? Also how often do you see big money/bonuses corrupting your colleagues, as they move up in ranks?
>>79116164
Was Soros right to buy a gold mine? Or is that insurance against the 45% recession outcome?
>>79112856
How can I get a job there? Or at least an internship?
>>79113031
>Buying call options with expiration dates 6 months in advance, on a stock that barely moves (until recently) $1-2 a month.
Do you like time eating your money? Because that's exactly what will happen. Even if you picked the correct strike price, if it doesn't SIGNIFICANTLY go above it by the time expiration comes around, your option is worth shit.
>Pay $3-4 per share for 6 month FXB contract @ 140 strike
>FXB arrives at $142 in expiration
>Your contract is only worth $2
Buying calls/put is retarded as shit unless you know FOR A 100% CERTAINTY the stock will drastically move within the next 2 weeks. Why do you think 80% of options buyers lose their money?
>>79116072
EU regulation for becoming a EU member. The EU should just have removed Greece.
>>79112856
Freedom isn't free.
>>79116052
you'd know the stop, if you used the PATH or NJT. HAve taken from both sides there.
You've worked there for x months or years, but don't know the PATH stop there or NJT there?
You're full of shit.
>>79116423
Shut up Dad, we are all proud of you this week, but please quit being a fag
>>79115815
Because of the way markets work, the public finds out the repercussions almost immediately.
It's the *almost* that's key. In the minutes and sometimes even moments before events are priced into the market, we have massive programmed trades executing on algos, then analysts grind through strategy passed down to us to help make higher value higher profit (hopefully) trades.
Markets close at 4PM. By 4:30PM, you know just about everything we do.
>>79116013
I was one of the youngest Goldman employees at 19 -- I worked for a broker that GS acquired so wasn't subject to their hiring process or target other bullshit.
Ended up getting VP quite yong as well
Give us one stock pick that is under the radar that is set to spike higher.
>>79116245
>knows his way around NYC better
indeed, everyone with a different flag is a foreigner. You have worked there, make 80k, but have never taken PATH or NJT.
Got ya. Oi vey!
>>79116330
Gold is a safe haven. People by it when volatility is high and especially when currencies are volatile.
I think buying a gold mine is fucking retarded though, but I'm sure Soros paid people way smarter/more experienced than me to work out the costs and benefits so what do I know?
>>79116494
What kind of trading are you doing, flow like GSEC or more like GSAM? I still have a few buddies in GSEC
>>79115188
>We sell our financial services. We make bank on commission.
That's by definition masterminding this shit.
>>79112856
I prefer real estate to the market, any insight into when the US Housing Market will have a correction? I'm thinking sometime in Fall of 2017. Thoughts would be greatly appreciated. Thanks m8
Can anyone redpill me on goldman sachs? I know they are notorious for being involved in various scandals but I don't know much else about them. Why are they bad exactly?
>>79116720
I don't want to get too specific, but I work the Cash desk.
Did they think brexit would really pass?
Do you think Trump could win?
>>79116741
I guess you're not wrong. I don't really have an opinion on this. Who cares about Greece.
>>79116855
They are the uber jews
Is now a good time to go into investment banking? I don't imagine it is but I just want confirmation before I decide to turn down an internship.
>>79116863
(240 years ago)
If you really think the colonies could beat Britain in a war you are fucking retarded
>>79113971
Really, only 45%? Over at Wells, we've been told 60% chance global recession with 15% of SHTF depression if Deutsche fails, which seems to be the hot rumor around here.
>>79116855
You see the picture above your post? Every building had a power outage in NYC. Guess who's building was unaffected?
>>79116863
Brexit was a surprise to everyone, for sure. Up until the end, betting markets predicted Remain. Look up a graph of the price of the GBP in USD.
If anyone saw it coming, you wouldn't have seen a small climb, then a crash on the day of, you'd have seen a decline earlier and it would've been smoother upon the Brexit results.
I'm sorry I was skeptical, Goldman Sachs anon. How do I find an apt within walking distance of the Hudson water taxis on 80k per year? How do you live in NYC and not know the train lines?
I want to know your system. How do you do it? Must truly have superhuman powers..
>>79116955
I haven't been in it long enough to say.
>>79112856
>>79112856
How long until the "suicide" a bunch of you mid level bankers are doing these days?
>>79116976
Why, though?
Britain is open for business.
Unencumbered by the totalitarianism of the EUnuchs in Brussels.
Opportunity knocks for those who dare.
are you a devout kekist?
>>79117099
Shut up Nigel, nobody here cares that you visited NYC a couple times and are marginally attached to the finance sector. If you have something useful to add to the discussion then ante up, otherwise keep calm and go fuck yourself.
>>79116976
Different economists making different predictions. My buddy at morgan tells me they're estimating 40%, with the same disclaimer we got, which is that things are incredibly uncertain until substantive negotiations begin.
Right now, the tone of the pre-talks is all anyone has to go off of really.
Conciliatory language lowers it, standoffishness heightens it.
>>79117176
I am no mid level banker. I am a shit level banker. Bottom of the food chain.
>>79117512
You mentioned earlier you went for a dual Econ/PPE degree. You walk out with a BA, BS, or grad school?
>>79116941
Do you ever fuck with over the counter stocks or short pink sheets as a market maker?
>>79113336
>>79113492
too late for that, but you can wait for more bad/good news and short/buy (respectively) on the british pound like a mad man.
i made shitloads of money off of brexit, but i was actually trading while the numbers were coming in, instead of shitposting on /pol/
>>79117210
Meanwhile, in the real world, markets are shaking in their boots, thousands of Brits will lose their jobs, and even post-recovery productivity takes a permanent 2% hit (estimated).
I'm not British. It is very possible that political independence is worth that price. But don't pretend like there isn't a price.
Last Friday marked the second busiest day of equities trading in history. Mostly selling, much in LN.
>>79112856
What should I study if I want to be an investment banker in China?
BS in Finance?
>>79117689
My desk definitely doesn't, I couldn't tell you if GS as a whole doesn't though.
>>79112856
What should I do right now as an amateur trader to make as much money as possible from this situation?
>>79117828
Im about to enter grad school. You use any of the econometrics you learned in your work, or is all the heavy lifting done by models other people created?
>>79117983
If you *really* wanted to make a fortune on this, you'd need to have thrown skin in the game before the result came in.
>>79117983
be on the opposite side of what everyone thinks will happen
Have you ever talked to guys in the IT department? Do you guys dev your algorithms in house or do you have another company do it?
I'd like to work for you guys if tech services were required.
>>79117512
Is your job fufilling? For some reason finance, especially anything relating to stocks/banking/hedge funds etc., have always seemed like soulless endeavors to me. Moving numbers around to create more numbers seems wrong for some reason.
>>79112856
got questions for you, jew, what do you think of day traders? is it true that big investment firms and hedge-funds only trade long term, or do you do shit like us sometimes? and if it's the former how do you react to big news, like brexit?
>>79115382
You wouldn't be paying for our faults if you didn't CHOOSE to be in a union with us, share the same currency etc.
Just saying. You choose to hang out with us.
>>79117983
You're too late. You could try to bet against the market, but thats more risk than its worth. Buy something long term, betting on trade relations with commonwealth trade partners. Do some research.
>>79112856
I should probably thank you guys.
The announcement that came across CNBC around 2pm on Thursday (where you and a few others announced "special rules" limiting sales on the Pound) was enough of a tip off for me to buy $DIA puts a few minutes later.
A 50% gain within less than a day was just what I wanted.
>>79118046
You don't have to do much modeling yourself, but I will say that my Econ degree has equipped me better to understand the models we're working with better than the finance majors I work with.
If you know your way around regressions, you're already better off than 9/10 people at this level.
How much due diligence does GS do when investing in a private company?
Company a friend works for got a big GS cash injection last year, and the place is fucked on every level.
>>79118278
It's been fun, OP. Thanks for the insight.
>>79118208
Yeah because you put on so much make up we fucked you, thinking you were pretty.
>>79118102
Holy fucking shit all too much.
They're really friendly, don't get me wrong, but my first like... 3 weeks was just pounding my head against the impenetrable series of technology access barriers.
There's a million fucking systems and they all need separate tickets to gain access to and nobody knows who the fuck can grant what or to who
Jesus I don't miss that. I almost quit in my first month because I felt truly useless. That passes with time though.
>>79118278
I always knew finance majors were full of shit. XD
>>79118412
>>79118208
loool
>>79113971
>45% chance of global recession within a 12 month period
Why is this even possible? How is anybody okay with our economy being set up like this? Why can't things be as simple as people buying goods and services from each other with businesses succeeding based on how much money they make (i.e., customers they have)?
>>79118419
Would you say it's difficult for me to get in if I come in with a tech degree and a decent portfolio then?
>>79115331
his parents more than likely have connections somewhere. yes, you need to have connections
>>79113856
what would you do if your kid told you he was a fag?
>>79118299
I don't really work in that stuff, I couldn't tell you.
I don't work with wealth management or any of the investment groups
>>79117781
Whaddaya, commie?
The future belongs to those who dare.
>>79112856
Explain Operation Gladio and it's current contingent operation in the US and EU
>>79118580
Because the reality of people buying goods and services from each other and succeeding based on revenue is that there are overall trends in how production and consumption pans out.
The world is complicated Anon, and it is rudderless. That is why things go wrong so often when people try to "fix" it. Of course, things go wrong when we dont try as well, so we keep at it, and every once in awhile we stumble onto something good.
>>79112856
Fuck you kike
What do you want to tell us? I mean, I feel we are not asking the right questions.
Also, I am sitting on a huge pile of money - would like to invest but worried about timing. Wut do?
>>79118781
>>79113365
Here's something I'm wondering
In the nasty divorce plan what is the position on a nasty divorce with recovery via non-EU trade such as increased anglosphere and commonwealth trade.
>>79118580
Well, when you read "recession" you might be thinking 2008. It'll be nothing like that. Not even close.
The technical definition of a recession is when GDP falls for two consecutive quarters.
The economy works this way because it basically is as simple as people buying goods and services from each other.
In fact, the principal reason Brexit is weighing on the world economy is because it makes it more expensive for a lot of people to buy goods and services from each other.
>>79112856
when is teh big fiat crash going to happen?
Do you do trades on the side for yourself? If you do, are there any restrictions b/c of your position?
>>79118740
That's all fine. I'm all for Britain plotting its own course on the oceans of destiny and whatever and shit.
That "voyage" isn't free. It costs trade deals, market confidence, jobs, productivity, etc.
I don't think one way is necessarily better or worse than the other.
My bet on best possible contagion chance is Chinese real estate speculation, and carry trade. Things are more stable now than in '08, though.
There were non-trivial changes after the last crash.
2018 is my bet. If not 2018, then 2020 for sure.
>>79114695
Are you poo in loo?
>>79117867
Chinese banks want at least Masters. I have a friend working ECM and they basically have him part time and won't give him a full time offer until he completes it.
>>79115916
dumb fuck, i work 1 building away from GS, there's a water taxi terminal right outside around the corner from the marina behind the winter garden
>>79119416
Masters in Business or Economics?
How's undergrad Economics, and MBA?
>>79116540
also learned to spell good, I see
>>79119029
This is retarded for lots of reasons. Here's just a few:
Inflation is low as shit. We wish we could make it higher, but it just won't budge.
Gold is orders of magnitude more volatile than the US Dollar.
Inflation deincentivizes hoarding cash in your mattress (because higher inflation means your cash becomes less valuable unless you can grow it), and incentivizes investing in in the economy, paying for jobs and producing a multiplier effect.
Our economy before the 1950s is almost 100% incomparable to our economy today.
Gold has no inherent value. Its value comes from humanity's love of shiny shit. Humanity loves power too. Gold vs. Dollar is just trust in shiny shit vs trust in political power.
It should speak volumes that the price of gold fluctuates almost 1:1 with major currency fluctuations. Its value is directly dependent on the price of fiat currency.
>>79116974
newsflash: they didn't on their own, France handed it to them to troll England.
>>79113365
Economists told us the migrant influx would be great for Germany. They can be silly
>>79119716
>implying that after Trump gets elected as God-Emperor his "Gold Plated Everything" infrastructure bill wont break the relationship between gold and currency volatility
I thought you said you did Econ.
>>79112856
It's a "(insert random profession here) comes to shitpost on /pol/ without any legitimation" thread
>>79112856
how many times do you fap a week?
how much coke? other drugs?
how many prossies?
best/worst things of job?
>>79118961
There is little reason for trade with the Anglosphere to decrease or increase post-Brexit.
Well there is, but only inasmuch as British issues become more or less valuable.
The only certain thing here is that the price of Britain transacting with the EU will be higher, lowering overall price levels (and growth).
>>79119653
You probably won't get in a good MBA school going straight from undergrad. Any business masters should do if the school is at least well known. Chinese people have a hard on for prestigious things.
I'm assuming your mandarin is top notch?
>>79119716
have always thought a little inflation is the best thing for the economy. 2-3% or so. even the tiniest bit of deflation is a shitshow.
correct?
>>79119716
>Inflation is low as shit. We wish we could make it higher, but it just won't budge.
so how do you justify stealing off savers to give to borrowers?
https://www.youtube.com/watch?v=4-B-PcXu8HQ
>>79120105
Arabic is OK
>>79120163
How do you justify hoarding society's scarce resources without making some use of it?
Get off your ass, parasite.
>>79118781
Easy with that loose talk anon.
>>79117867
>IB
YES
>IN CHINA
LMFAO NO
HOWBOUT NEW YORK YOU APE
>>79120126
yeah, steal off savers, give to borrowers, allow the government to borrow even more for less money whilst the savers (and everyone else) pays for it
>>79120271
you answer questions with questions?
how may one question answer another?
>>79120231
Yeah no chance i thought you were a chinese international or ABC.
>>79119867
I don't think this is entirely true.
The economic consensus, as far as I know, is that immigrants who work can boost productivity, offset by a driving down of equilibrium wages.
Also in the consensus, is that immigrants who don't work and are fed welfare and sit around in ghettos harming social capital are bad for economies.
The US, historically has done a much better job at assimilating immigrants than Europe has.
>>79120285
Working for American firms in US while I'm physically elsewhere.
What about San Francisco or other cities? Is New York the only place for IB?
>I'm an analyst at Goldman Sachs.
>No, I'm not Jewish.
One of these is a lie.
>>79120410
What question did you have in mind? Are you challenging me to a rhetorical duel?
DOST THOU WANT TO BATTLE, KNAVE? VERILY?
>>79120271
>How do you justify hoarding society's scarce resources without making some use of it?
since we're doing the question with question thing
how do you justify forcing people to spend their money? do you own it, or do they?
>>79120437
Isn't there some value in convincing rich Arabs to invest in things?
>>79119716
>inflation is low as shit
Maybe if you're looking at things from your highly trained global finance perspective.
How about the inflation in rental prices we're seeing in the US. How about the inflation in health care cost? How about the inflation in prices for higher education?
Just because a Big Mac stays under $5 doesn't mean there's no inflation.
>>79112856
How soon until you jump out of a high rise window?
>>79120446
I'm a CFA charterholder and worked for ML downtown, prove you work at GS. My cousin works in the PWM division there
>>79120526
I'll wager the hebrews are at fault for this
oh looky look, a hebrerw american knight, forsooth
art though chivelrous my good sir? or art thou a cowerdly curmudgeaon? truly the forces of crapulence have reeked their terribl vengence upon the nosewirthy, fiddledeedee huggermugger, fiddledeedee indee!
>>79120348
Saving sounds like it should be great, right?
But the basic logic goes that every dollar saved is a dollar not spent. Every dollar not spent is a dollar not earned, and every dollar not earned is another dollar not saved/spent...
Banks multiply the total amount of money in circulation.
You have 10k in your bank account, the bank can lend out some percentage of that, let's say 8k to Joe Schmoe. Suddenly, 18k exists where there was just 10k.
So long as you have billions involved in this system and they don't withdraw all at once, then risk is low.
You could have an economy without banking, tied to a gold standard. That is doable. However, it would require us to be about 8x poorer thanks to lost multiplied money.
>>79120446
You're partially right. The concern is retirement plans, pensions, etc. The problem is that immigrants with less human capital investment from developing countries are not typically suited to the needs of developed markets. That is why there is so much emphasis on them having children, because those children can be invested in to do those jobs.
You could say that it has had mixed results. The problem is that many economists view human capital inputs as fungible, when they are not, because they are people, not numbers.
>>79112856
Anon, help an indecisive faggot if you please. Knowing what you know now, what would you say its more important when picking a career to slave away in for the rest of your life, your interest and enthusiasm for the subject/field or the potential earnings and social status it can offer you. Basically, passion or money?
>>79120500
you think all the analysts at Goldman are jewish?
you're a dullard and a buffoon
the analysts at Goldman are all smart, ambitious, and motivated, but that doesn't mean they're all jews.
Chinese, Indian, WASP, Catholic, Jewish, whatever
the difference historically was that jews could be partners at Goldman at a time when they couldn't make partner at other private investment banks (Brown Brothers Harriman, for instance, that kind of shit).
but those days ended 20-30 years ago. these are public companies now anyway.
>>79120446
>The economic consensus
a crowd of nefarious charlatans, each taught to be more untrustworthy than the last
>>79120476
>Is New York the only place for IB
Definitely not. While most trading happens in NY, there are great offices across the country in ops.
I kind of wish I did ops. Less money, but way way lower cost of living. Much more human hours.
>>79120550
Who said anything about forcing people to spend their money? You are welcome to stuff it under a mattress, and it can sit there. Meanwhile, the rest of the nation is going to continue shuffling around resources, and yours which are doing nothing will depreciate, like any malinvestment.
>>79120790
I don't disagree with anything you said really. I guess the only thing that's sticking for me is the "many economists view human capital inputs as fungible" thing.
I guess "many economists" doesn't technically mean "most economists". Because most economists DEFINITELY do not believe in fungible human capital.
>>79120784
>However, it would require us to be about 8x poorer thanks to lost multiplied money
thou art wise in the tricks of the moneychangers? how they dost multiply the apparant money available? yet demand payment WITH interest, lest thy collateral be forfeit?
though agrees with a system that makes real money into 10x pretend?
I bet thou also agreeeth with them who make money in a magikal wise, conjuring up from naught that which the country must pay 6% on
a pox on all they houses, foul demons of usury
>>79120476
SF IS VC TECH LAND
THERES MORE STRAIGHT IBANKING IN CHICAGO THAN SF
YOU'D GO TO HONG KONG LONG BEFORE EVEN LOOKING AT MAINLAND CHINA, WORKING IN CHINA IS SHIT
>>79120926
How do you land a job in OPS?
>>79120582
What company would sponsor your visa when all you can offer is OK arabic when like 99% of their deal flow is with chinese mainland companies
>>79115018
How exactly could one become a farmer?
>>79120830
pubic companies owned by the louse, I'll warrant
>>79120926
You're a first year analyst right? So you have no idea what you're talking about. You just basically push papers and make powerpoints
>>79120163
>le Goldman Sachs sets interest rates meme
Blame your liberal government for that one, reddit.
>>79112856
Hi I'd like some tips on how to temper my VaR slides without getting caught, thanks
How was you bonus last year, anon?
>>79121022
yet a gold dubloon buried in 1776 would be worth the same in 1912
whereas a paper "dollar" buried in 1913 would be worth 0.15 in the your of our lord 2016
you force savers to spend, when saving is a virtue, it is you who art the evildoer
>>79121129
Literally go on job boards with terms like "trade support" or "operations analyst". Most people don't do ops because its mind numbling dull work. I don't think you even need a degree. Maybe work on your VBA skills
>>79112856
How long did you guys spend on the phone with the BoE deciding to short the pound?
>>79120863
HAHAHAHAHAHAHAHAHAHA
If you think any economist has enough charm to be a "charlatan" then you have never met an economist.
Seriously though, there's a shit ton of untrustworthy fucks in finance. Maybe even me. People who only care about making money.
But the economists are the academics, they love their numbers, and they care a whole lot about being right about their numbers.
I know you're kind of joking but still...
Let me put it this way. If an economist tried to sell you snake oil he would get lost on a tangent about the stochastic dynamics of said snake oil, and how his models predict how the price of snake oil will evolve in the near future.
>>79121060
Perhaps I should clarify. When I say that many economists view human capital as fungible, I mean to say that they think that, in the abstract, all individuals more or less operate the same. Though if you sit and talk to them, they will certainly acknowledge that this isnt the case, the predictions and and recommendations they make act as if that were the case. I reckon that this is a product of how the political process exerts pressure on labor market analysis, but we absolutely bear some responsibility in how we allow that thinking to occur.
Economic reasoning cannot be divorced from political and social reality. Sure, we love our math and all that, but we're still social scientists, and we are describing the movements of spirits, not inanimate atoms.
>>79112856
Why do you visit /pol/?
What do you gain from this place?
Don't reflect the question back at me, I'm a NEET.
>>79121257
so speaketh them of the blackamore persuasion
who sayeth that goldman sucks dost own the federal reserves?
is it just jest? hey nonny
>>79121306
That is because dubloons have remained shiny. They derive their worth from their luster alone.
Meanwhile, the paper dollar derives its worth not from the substance it's made of, but from its role in an active economy.
If the economy grew less, that paper dollar from 1913 would be worth more today.
What does that tell you about how these prices are aligned?
>>79121147
I wasn't using OK language skills to try to break into the biz.
I have friends that do IB stuff in China. They're not Chinese either.
I have a full GI Bill I'm about to take advantage of, and I'd like some advice on how to get into the IB world.
My friends told me that you basically learn everything at the job. They studied business, and say they don't really use any of it.
Please tell me what you know. Educate a /pol/ plebian pls
>>79121364
>making money
this ist that which lyest at the hart of thy knavish design, but thy knowest it nott
thy whole system is beset by the void
usuary, the crime of the jew, and they who art jew in all but name
>>79121306
>a dubloon buried in 1776 is worth the same in 1912
So you mean to say you have absolutely no fucking clue what you are talking about. Shit son, you should have just started with that, I could have advised that you get off your ass and get an education and saved us both all this time.
Good luck!
>>79121364
I can tell you're young man, probably haven't even gone to grad school yet. Probably Asian from California or the northwest right?
>>79121127
>SF IS VC TECH LAND
shhhh
>>79121539
>the paper dollar derives its worth not from the substance it's made of, but from its role in an active economy
then whyest doth its value decline? whereas shiny geld retaineth its value?
>If the economy grew less, that paper dollar from 1913 would be worth more today.
charlatan, even the vilest knave dost see through thy pretty language and language devoid of substance(substance meaning valuable metal)
>>79112856
https://www.theguardian.com/business/2016/feb/11/families-of-americans-killed-by-mexican-cartels-sue-hsbc
http://www.npr.org/sections/parallels/2014/03/20/291934724/awash-in-cash-drug-cartels-rely-on-big-banks-to-launder-profits
How do you feel about a fellow British bank laundering money for drug cartels on the past?
Why enter an industry full of scum like these in the first place?
>>79121674
He went to Stanford
>>79121588
nay, tis tru taht the goods purcasable with a gold coin remain about the same year on year, whilst those denominated in paper scrip decline most precipitously
forsooth, I must to bed
pickest thou an honest trade, charlatan, and perhaps ye will be saved
>>79120446
>immigrants who work
>mudslimes
pick one
In all seriousness though, the cost of this is literally a few 10ths of a percent of GDP. The long term benefit of reducing the number of leeches who multiple exponentially every generation more than offsets this loss long term.
>>79121392
Paul Krugman is a great guy to bring up right now.
His seminal research exposed this very fact. His prediction of the collapse of the Asian markets exposed the importance of total factor productivity over capital in the growth of an economy.
It was truly amazing work. It's one of the first things taught in econ 101 now. Y=AK^alphaL^alpha-1. The "A" was all Krugman's.
Fast-forward to today, where Krugman shits out op-eds for the NYT and conflates economics with politics whenever he wants, and waves the hand over genuine political issues whenever he feels like he has an economic excuse to.
Economists are not perfect people. There are lots of chemists who do great work in mineralogy who sincerely believe the earth is 6000 years old.
I kind of forgot what I was talking about. Field is everything.
https://www.youtube.com/watch?v=oR-RDqrHWQw
>>79112856
What's the plan for the Gold price in the next 12 months?
>>79121843
>Why enter an industry full of scum like these in the first place?
to make lots of money duh
>>79121873
>>79121674
From the east coast. White. Didn't go to Stanford.
>>79121364
Ever thought about moving over to a hedge fund? Had a buddy who stepped in fairy shit and landed a job he was 5 years too inexperienced for. He started crushing it and they moved him over into PE. Any time there's market volatility, he just snapchats the shit out of his terminal making fun of everyone around him in the public markets. Point is, less stress but can be some insanely high returns.
Also - he told me people got dicked over on their bonuses this year. Is that the case? I know that's a sign of bad things to come.. or so they say.
>>79121873
Fuck no, I went to NYU. This guy is retarded
>>79113213
n-not us please
anything but an emu!
>>79121965
>There are lots of chemists who do great work in mineralogy who sincerely believe the earth is 6000 years old.
I don't think so Tim
>>79116354
why the fuck would I buy it at a 140 stirke? Ill buy ATM and wait until it goes to 140-142. Also, even if in your scenario happened, a 2 point move is 200$ per contract. What a know-it-all cunt. You literally have no right to speak because you yourself know nothing about options.
>>79122115
So have you passed level I or taken the first part of the FRM yet?
>>79113856
>it benefits me a shitload.
contributing to your own demise doesn't benefit you
>>79122173
BYU has lots of these professors
>>79121554
If you want China you're better off staying in the US work like 3 years and get a secondment since your salary will jump much higher that way.
Ask your IB friends in China about how they got in though. But from my experience in BBs you end up competing with domestic students who get internships handed to them because their daddys are important to the business or just 1st class honours students who also have rich daddys.
>>79122044
Gold will do what gold always does. It will gain value when there is instability in major currencies. It will lose value when there is stability in major currencies.
Gold is basically the simplest commodity there is.
>>79118961
The idea that Brexit will have a positive effect on growth on Britain is pure disinfo. If you want Britain to be purely sovereign and kick out immigrants, fine. But if you voted for Brexit thinking it was going to lead to a stronger economy or some such nonsense, you are the biggest idiot alive.
>>79122193
Do you trade options? I have done it professionally for 4 years and would like somebody to talk to about it. I trade mostly backspreads and ratiospreads
>>79122300
Taking part 1 this november.
So what are the odds at this point that the whole fucking EU just cracks? France wants a referendum now. The Netherlands might vote. Austria and Italy might vote.
What do the boys at Goldman say about the whole European Union going up in smoke?
>>79122465
I'm in cash, options are traded through a different desk.
>>79122315
>secondment
?
Also, what are BB's?
Also, it is connections that opened it up to my friends. Family friends started in Hong Kong in the 80's, then moved to Shanghai
I'm serious man. Tell me what you know. Give me recommendations. I can do this.
>>79112856
Are you coming to Normandy at Skirmish again?
>>79122570
We don't really have knowledge the public doesn't.
I think the only real advantage to being on the inside is that the information you're given is not politically weighted really.
We are just informed of facts and estimates to help us do our jobs.
Either way, at present we're only predicting a 45% chance of a global recession within 12 months. I'm no economist, but if a total crackup of the EU were priced into the markets, that percentage would be closer to 100%.
>>79116941
>Fuck them, got mine
I'm glad I won't have to worry about sparing anyone in a Goldman Sachs building when I one day go full Eliot Rodgers.
You're a shit person and you deserve to die.
>>79122728
paintball is fucking gay, who do you think this is?
>>79122582
So you just basically move mm's around right? You sound like you're about 22 getting into the business
>>79122653
bulge brackets
>>79122848
Boris from compliance. I'm 99% positive.
:^)
