When it comes to the economy…
Everything’s fine.
At least – that’s what our elected officials and the experts on TV are saying…
But do you believe them?
Sure, inflation is FINALLY heading in the right direction…
The markets are rallying a bit…
And even gas prices are starting to come down…
But something feels… off.
Now, I’m not some tin-foil hat-wearing conspiracy theorist…
I don’t think that people are manipulating the markets for some devious agenda to fleece people out of their money – I just think that a lot of people just have no CLUE as to what is going on…
And they’re trying to put on a happy front while they’re trying to figure it out.
No, something feels off…
And I’m not the only one that feels this way – a few of my colleagues have mentioned that they feel it too.
Something just isn’t right…
And we just got a big clue that our hunch is right.
Have you ever seen Jurassic Park?
In the movie – Dr. Ian Malcom (played by the incomparable Jeff Goldblum) – kept telling people that what the park was doing would come back to haunt them…
And with each bad thing that happened – his words kept coming back to haunt them.
But one quote sticks out among them – he said, “Boy… do I hate being right all the time.”
That’s how I felt when I read that investment banking titan – Goldman Sachs was getting ready to make the biggest set of cost cuts since the 2008 financial crisis…
Culminating in about 3200 employees being laid off.
With a huge chunk of that happening last week.
Now, Goldman Sachs isn’t your average Joe when it comes to banking…
It focuses on corporate deal-making and securities trading – and doesn’t really bother lending money to people like us.
But…
You live by the sword – you die by the sword…
As even its biggest clients have been getting cold feet.
I mean, there aren’t many companies out there that are willing to drop piles of cash for big deals in this current economy – that we’re being told is “fine.”
So, Goldman Sachs finds itself in the position of having to slash jobs, sell off high-priced assets and might even have to cut back on double ply TP…
I kid – but really only about the TP – the other stuff is already happening.
That said…
This isn’t that shocking – as Wall Street is known for cutting lose strings when the economy starts to take a dive – especially with all the “recession” talk.
But his is a clue as to where our economy is heading…
As the investment banking industry tends to feel economic pain before other sectors.
And the fact that Goldman is making these moves now is pretty telling – because even though it controls billions – the company does have a reputation for being pretty thrifty.
However…
Let’s not forget – profit matters a LOT in banking – so a move like this by Goldman will most likely be echoed around the Street.
Gone are the days of indiscriminate spending…
No more hiring frenzies…
Everybody is starting to tighten their belts – as they really don’t see things getting better any time soon.
This could be a VERY good thing for us – as this could help stimulate profit.
I’m not scared though…
And neither are the members of GorillaTrades – as they know that regardless of what happens – they’re in good hands.
That’s because our trading strategy has nothing to do with guessing or hunches – and everything to do with data…
It’s why we’ve been able to help find profit opportunities in this current challenging market.
I’d like to tell you how easy it can be to make money trading…
But it’s easier to show you – which is why I’m urging you to become a member of GorillaTrades today.
While most investors are running around like chickens with their heads cut off – GorillaTrades members are sitting warm in their roost.
Of course – you can continue to trade your way…
But if you get tired of doing all the legwork – you know where we’re at.
Either way – things ARE changing…
And we’ll keep you updated.
Until next time…
“You seldom improve quality by cutting costs, but you can often cut costs by improving quality.” – Karl Albrecht
