[zonbron]

Oorspronkelijk geplaatst door Garry

Omdat Europa geen gezichtsverlies zou lijden. Ze trachten nog het lijk opgewarmd te houden. Maar een lijk warm houden wordt alleen maar meer stinken.

Dit terwijl de inhalige aasgieren, de doodgravers van het kapitalisme, cirkels vliegen van geluk, hopend spoedig de laatste lijkenpikkerij te kunnen beginnen.

Because Goldman showed you that this company can still make money in one of the worst environments it has ever seen, and it can still make money on really low revenue. It can still make money when no one is doing many IPOs or takeovers or any trading much at all. Who knows how much it can make if anything good ever happens? And something good will ultimately happen.

So people are saying, "OK, at the trough, Goldman looks like it can squeeze a lot of lemonade out of lemons, you just wait until deals start being done, and IPOs start flowing and investors step in from the sidelines."

optionmonster

February 9, 2012, 12:54 PM

Goldman Sees Opportunity in Rivals’ European Pain


David Viniar, chief financial officer at Goldman Sachs, said the bank sees an opportunity to gain share as European rivals cut staff, trim assets and reduce their capital market activity.



Speaking at the Credit Suisse financial services conference in New York yesterday, Viniar said the current change in the competitive landscape feels more permanent than cyclical.

He said: “We are starting to see market share expansion opportunities as several European peers are reducing their commitment to capital markets activities.”

As European financial institutions deleverage and cut back on lending, Goldman expects European corporates to make greater use of the capital market. Viniar said bonds provide only 9% of European corporate funding compared to 64% in the US. He said: “We believe there is a potential for this gap to close.”

In addition to opportunities in Europe, Goldman will continue to expand in growth markets. Viniar said: “While we may moderate the pace of our investment in growth markets, we believe these investments will be critical to our long-term success.”

WSJ