Denna veckas podd är tajtare än någonsin. John har varit i alperna och har med sig spännande observationer medan Johan gör en djupdykning i ett tyskt conf call. Dessutom kommer ultralöparen och numera också blivande börs-vdn Johan Steene att prata om Barkley Marathons, Teqnion och hur det är att köpa bolag från Midway. Lyssna!
A Goldman Sachs Research study of the last 100 years suggests US recessions can be boiled down to five major causes - and several (like industrial and oil supply shocks) look structurally less threatening today. But among those that still bear close watching are the financial balances of households and corporations, which GS Research's Chief Credit Strategist Lotfi Karoui says aren't showing signs of a private sector living beyond its means. Outstanding mortgage debt has declined drastically and consumer credit growth has slowed to a four-cycle low, while on the corporate side, strong profitability and debt-servicing capacity are providing a buffer for rising net leverage. That said, there are several pockets of risk - including the growth in leveraged loans, direct lending, and delinquencies in the subprime auto loan market - but Karoui thinks it's unlikely we'll see them drag the broader economy into a downturn.
This podcast was recorded on February 26, 2019.
All price references and market forecasts correspond to the date of this recording.
This podcast should not be copied, distributed, published or reproduced, in whole or in part. The information contained in this podcast does not constitute research or a recommendation from any Goldman Sachs entity to the listener. Neither Goldman Sachs nor any of its affiliates makes any representation or warranty, as to the accuracy or completeness of the statements or any information contained in this podcast and any liability therefor (including in respect of direct, indirect or consequential loss or damage) is expressly disclaimed. The views expressed in this podcast are not necessarily those of Goldman Sachs, and Goldman Sachs is not providing any financial, economic, legal, accounting or tax advice or recommendations in this podcast. In addition, the receipt of this podcast by any listener is not to be taken as constituting the giving of investment advice by Goldman Sachs to that listener, nor to constitute such person a client of any Goldman Sachs entity.
Copyright 2019 Goldman Sachs & Co. LLC. All rights reserved.
People overthink their businesses - who they hire, how they market and what they spend their money on. If you're a start-up, I firmly believe you can make real noise with a small, scrappy team of three or four people. You just have to know what you need. Regardless of your industry, documenting the journey is the best way to show potential customers who you are and what you do. The following 8 minutes is a few different conversations with start-ups I'm working with. What was your biggest takeaway from this? Any feedback is helpful, tweet @GaryVee to let me know your thoughts. 1:10 - why I believe in three/four person teams 3:15 - how to market a law firm 6:10 - thoughts on LinkedIn
A lot of companies are going to go out of business over the next decade for one main reason: Humans don’t like change. If you’re plan to be in business for the long term and you’re holding “what worked” in the past on a pedestal, I really hope this podcast changes the way you look at things. This is a keynote I gave in Vegas at the International Franchise Association on Facebook and Instagram marketing in 2019, the rise of voice and machine learning, and more. 3:20 - I've always been chasing the attention of the end consumer 7:58 - I didn't come from a corporate environment 14:40 - I lose when I lose because then it's my fault 23:20 - You're taking real money and throwing it in the garbage 28:40 - Voice is going to put you out 39:46 - What I learn from growing up in a family business environment What was your biggest takeaway from this? Tweet @GaryVee and let me know
Why does everyone think trust is earned? To me, that process seems slow and egotistical. I believe that if you give your employees trust in the upfront, you’ll be blown away by the results. In this podcast I focus on how CEOs can empower their team’s to facilitate scale, as well as the benefits of having a meaningful relationship with each of your employees. :30 - why I trust my employees 3:40 - how a new hire can win 5:25 - you’re employees shouldn’t care as much as you do What was your biggest takeaway from these 7 minutes? Tweet @GaryVee to let me know!
Eric Sprott discusses the week that was in precious metals and looks ahead to a volatile week next.
Entrepreneurship today really needs to be more grounded in practicality. Really implore you all to either start saving cash or invest your cash back into your business — the economy isn’t going to be good forever, and when things get slow, people aren’t going to talk about things like “passive income” the same way they do today. 0:00 - I worked 18 hours a day for 15 years 5:03 - Passive income needs practicality 15:55 - Changing your perspective on life 22:05 - How to prepare for the coming economic collapse 32:33 - How to escape the rat race Excited for you guys to listen to this podcast - tweet me what you thought @GaryVee!
Man I miss the Wine Library days! Those of you who saw me on livestream last night know that my Rosé ships out this week and that this is a really exciting time for me. I’m so appreciative for everyone that has supported my Empathy Wines venture, something I’ve been dreaming of doing for a long long time. Today’s podcast is a throwback to my Wine Library TV days. I spend the next 20 minutes tasting and critiquing wines while answering questions from the audience. 2:00 - I’m a social guy! 4:50 - This wine smells like Christmas and sea shells 9:30 - Everything I hate about the wine industry 14:35 - My favorite wine region 18:10 - Wine Q&A Enjoyed this episode? Please tweet me at @GaryVee - any feedback is super helpful.
A new survey published this week shows harassment and discrimination are widespread problems in the academic field of economics. Soumaya Keynes, our US Economics Editor, speaks to those in the field and Ben Bernanke, President of the American Economic Association, about their experiences and what can be done to achieve change
A 27-year-old Harvard dropout has a surprisingly plausible fix for a notoriously unfair system | Featured in the March 25, 2019 issue of Bloomberg Businessweek
Beto O’Rourke launched his bid for America’s presidency. Despite his relative lack of experience, he’s already been raking in donations. We look at the source of his appeal. And palm oil is ubiquitous in many consumer goods used today, but it comes at a high environmental cost. Also, does the field of economics have a culture that is off-putting to women?
The insect apocalypse may not be imminent, but the decline of insect species is still a concern. And we speak to Dr Angela Gallop about her career as one of Britain’s most eminent forensic scientists. Also, when will a robot barista serve you a latte? Kenneth Cukier hosts
I’m so desperate to to get you all to the point where you’re executing on your ambitions. It’s why I put out so much content, spitting the same truth in different ways until something “breaks through.” In this podcast, I talk about how to start and some mindset shifts to get past some of those common fears in the beginning. 1:45 - the fear of losing trumps the excitement of victory for so many people 5:20 - what's the ROI of your mother 6:30 - how to get other people to see what you're doing 10:28 - 1 out of 147 is better than 0 Listen and tweet me what you thought @GaryVee!
Five years ago Ebola spread across West Africa, killing more than 10,000 people. In August a fresh outbreak hit the war-torn Democratic Republic of Congo. We look at why the response this time around has been so ineffective. NATO is about to turn 70. It will not be a happy birthday. And Rodrigo Duterte wants to rename the Philippines.
The terrorist attack in Christchurch, New Zealand, has left 50 people dead and a lot of unanswered questions. How big a threat are violent white supremacists? We take a look at a network of museums in China trying to commemorate that country’s murderous experience in the 20th century without offending the Communist Party. And our San Francisco correspondent goes in pursuit of free stuff - a lot of it-in the Bay Area.
From our office in London, this episode is all about Europe's investing environment, including how investors are preparing for possible Brexit scenarios, drivers of the region's economic slowdown and where clients are finding alpha. "The number one issue that clients in Europe are facing is how do we get returns," says Andrew Wilson, CEO of Goldman Sachs Asset Management for Europe, the Middle East and Africa, who explains how both macro and political uncertainties are weighing on investors' minds.
This podcast was recorded on March 5, 2019.
The views and opinions expressed herein should not be construed as an offer to buy or sell any securities and such views and opinions may differ from those of Goldman Sachs Global Investment Research or other departments or divisions of Goldman Sachs and its affiliates. This information may not be current and Goldman Sachs has no obligation to provide any updates or changes. Neither Goldman Sachs nor any of its affiliates makes any representation or warranty, as to the accuracy or completeness of the statements or any information contained in this podcast and any liability therefore (including in respect of direct, indirect or consequential loss or damage) is expressly disclaimed. Goldman Sachs is not providing any financial, economic, legal, accounting or tax advice in this podcast. In addition, the receipt of this podcast by any listener is not to be taken as constituting the giving of investment advice by any Goldman Sachs entity. The portfolio risk management process includes an effort to monitor and manage risk but does not imply low risk.
Copyright 2019 Goldman Sachs & Co. LLC. All rights reserved.
With just eight days to go before Brexit, Britain’s Prime Minister Theresa May wants to extend the leaving date. As an EU summit gathers, Donald Tusk, president of the European Council, insists she needs to get her twice-rejected deal through Parliament first. Also, are stronger strains of cannabis causing psychosis among users? And why Kim Jong Un and Donald Trump should have eaten “family-style” to help pull off a nuclear deal.
After Theresa May’s deal was decisively rejected for a second time, Brexit will almost certainly be delayed. It is time for Parliament to seize the initiative. Plus, how sharing a plate of food could help international diplomacy. And, the world wide web has turned 30—what does its future hold? Lane Greene hosts
New Zealand to impose sweeping gun ban, FBI joins criminal probe into Boeing 737 Max 8 safety certification, and Utah teen building 150 beds for shelter dogs.
Did the Tesla CEO cross ethical lines when he took down a junior engineer? | Featured in the March 18, 2019 issue of Bloomberg Businessweek