29
Jun
11

tipping the boat

I dialed down my IRA last night, and noted the following today:

Greece teeters as austerity measure passes Parliament.

Goldman Sacks a thousand investment bankers in the US, moves positions to Singapore.

Goldman’s shifting of jobs overseas is likely to spell bad news for more than just Wall Street bankers, according to Daniel Indiviglio at the Atlantic. It looks like the firm is both aiming to escape new financial regulation and betting against the US economy, he writes—and Goldman has a history of being ahead of economic trends. “If Goldman is right, then the US is going to be in for a rough time over the next decade or so. And other Wall Street firms moving more workers overseas will make matters worse,” he concludes.

Headlines from collapse.net.

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