Opposing counsel claimed moral high ground for their clients before Judge Barefoot Sanders who sensed his lunch would be delayed ended the act observing that the reason counsel was before the bench was about money and who gets it.
The throbbing brains at Goldman put the math in a picture of the money running out of the system
Three month LIBOR an index originated in 1969 credited to a creative Greek banker to syndicate a $80 million loan by Manufacturers Hanover for the Shah of Iran to fly his favorite lunch from Paris daily averaged 5% before Lehman 2008 and is tethered to zero in the Oz of global central bank printing of specie which will presumably reverse to something approximating the rate of inflation as the Fed does as Goldman says.
Looks like 4% for the US ten year from 1.8% today
The average earnings multiple of the SP has been 14. The multiple has expanded three standard deviations above its mean on four occasions since 1980. The first was before the 1987 crash, the second before the 2000 internet bubble, the third before and after Lehman 2008, and now it is 50% it is five-year average.
The week ahead promises earnings from Microsoft, Intel, Apple, and Tesla sandwiched around the January Federal Reserve meeting.
GDP France mc 2.687 trillion
GDP Peru mc 211
GDP Brazil mc 2.2 trillion
GDP Indonesia mc $1 trillion
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