Posted on 05/29/2025 3:52:06 AM PDT by RoosterRedux
Goldman, and most other investment advisors, along with almost all media outlets, seemed to have no idea that completely reversing Biden’s energy policies would lower prices. From an article at Zero Hedge:
They say that the lower gas prices, due to the policy changes, have unexpectedly helped those at the bottom. How the heck could that be unexpected? Energy prices affect everyone, but especially those who earn less. Trump’s policies helped the poor in his first term, and they clearly will again.Goldman Unexpectedly Finds Signs Of Life In Working-Poor Consumer
[Analyst] McShane and her team found was that ‘the health of the lower-income consumer (defined as households that earn <$30K annually) is indeed mixed but skew more positive than expected, with possible tailwind coming from lower gasoline prices, improved employment trends, and credit metrics.’
While consumer confidence remains mixed and discretionary spending cautious, President Trump’s pro-fossil fuel agenda—centered around policies like ‘drill, baby, drill’—has contributed to a drop in gas prices (Memorial Day Weekend gas prices were the lowest in years).
I am amazed at things that seem to surprise experts of all stripes.
All the experts seemed shocked and surprised that inflation soared when Biden set out to destroy all oil, gas, and natural gas companies. They also had no idea that printing massive amounts of money, issuing regulations as fast as they could, and opening borders to anyone who wanted to come would lead to the highest inflation in forty years.
(Excerpt) Read more at americanthinker.com ...
In a related story, Goldman was gobsmacked that bears defecate in the woods.
Filed under
No Sh@t, Sherlock!
Well duh.
“Well! Bust my Buttons!”
Back in the Stone Age, when I was starting out in business, we all understood the value of pushing responsibility down to the front lines—because that’s where people actually knew what was going on.
It ties in with the idea of “Management by Walking Around” (MBWA), where leaders skip the bureaucracy and talk directly with front-line employees. Observing work firsthand and having real conversations—not filtered reports—builds trust, breaks down hierarchies, and exposes problems early.
Trump does this, by the way. That’s how and why he knows what’s actually going on.
As for the so-called experts? Smart folks knew they were often useless—and sometimes even dangerous.
Goldman stunned when they discover the pope is Catholic. (though in their defense that hasn’t always been true in recent years)
The guys at Goldman are genius. /s
Goldman analysts surprised...
More like clueless! BTW, from Harvard or Columbia?
It is a shame they can even access that kind of information. I guess it is what they need to be able to control the masses.
What have we done?
#1 is Wharton.
As an aside, Mark Carney, Canada's new PM, is a Goldman alumnus.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.