What Goldman's Earnings Miss is Warning Markets About
Market Depth
Goldman Sachs' Fixed Income Trading Desk Sucked at Their Jobs
Goldman Sachs reported a 70% drop, 17% drop in fixed income trading. It was actually the only FICCC loss on Wall Street so far. The media is saying that Goldman's fixed income trading desk basically just sucked at their jobs this quarter. This is not just an idiotic takeaway, but it's missing a far more profound and important picture.
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