The Traderszone Network

Published in TZ Latest News 11 June, 2016 by The TZ Newswire Staff

Goldman Warns Of "Upward Shock" To Rates, Hints At Trillions In Losses

Having been proven wrong for so many months (and years) in its optimistic outlook on the economy, one would think Goldman Sachs – who as we have repeatedly documented has been extremely bullish on the USD as a result of what it believes will be several rate hikes due to an economic recovery that just refuses to come – would take the summer off when it comes to predictions. No such luck, and in an overnight note, Goldman is once again trying to forecast what will happen to rates in the coming months.

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