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Goldman Sachs Caught Altering US Markets Data, Removed Evidence that US is in a Recession

(RT) — Despite being “too big to fail”, America’s “most important bank” Goldman Sachs may have done so this week, at least for a few minutes, when it possibly tipped off a new economic recession.

A slide in the “Markets do not ‘Take it Easy’ to start the year” report posted online showed the US in a recession according to Goldman’s Current Activity Indicator.

“Although EM assets remain in the cross-hairs – and the outlook there remains tenuous in spots – growth concerns have impacted the market’s view of US and European growth as well, pushing our market-based measure of US growth risk to new post GFC lows (see Exhibit 8),” the report read.

Shortly after the financial watchdog website Zero Hedge tweeted their response, Goldman Sachs posted an altered slide, moving the dark blue line from zero to closer to two.

https://twitter.com/KendrickMelvill/status/689988164069490688

So if Goldman Sachs changed the chart, there’s no recession, right?

Well, that’s where we get into a gray area.

Economist Paul Samuelson once said “the stock market has predicted nine out of the last five recessions”, according to the Washington Post, which asked “Is the stock market telling us we’re headed for a recession?” on Wednesday.

Andrew Levin, a Dartmouth professor and former adviser to Federal Reserve Chair Janet Yellen, pointed out in this document posted Monday that the “jobs boom doesn’t look like it will last” and “industrial production is falling as fast as it does when there’s historically been a recession”, according to the Washington Post.

Art Cashin, Director of Floor Operations at UBS, told CNBC Tuesday: “If corporations start to pull back and say ‘I don’t want to advance anything; I don’t want to hire anybody,’ we could slide into a recession.”

Former Treasury Secretary Larry Summers, who’s been spinning through the revolving door between Washington and Wall Street since the Clinton administration, wrote in the Financial Times earlier this month that “markets understood the gravity of the 2008 crisis well before the Federal Reserve” and cited a report by The Economist which found the International Monetary Fund (IMF) failed to recognize any of the 220 recessions in major countries in the April before the recession started.Last week, portfolio strategist Michael Pento wrote in his CNBC commentary ominously titled

Last week, portfolio strategist Michael Pento wrote in his CNBC commentary ominously titled “A recession worse than 2008 is coming”: “The unscrupulous individuals that dominate financial institutions and governments seldom predict a down-tick on Wall Street, so don’t expect them to warn of the impending global recession and market mayhem. But a recession has occurred in the US about every five years, on average, since the end of WWII; and it has been seven years since the last one – we are overdue.”

Goldman Sachs has long been criticized, but rarely punished, for its role in the global financial crash, aka GFC.

As portrayed in the new Oscar-nominated film “The Big Short,” the $40 billion company sold investments they knew to be “crap” and “junk,” and took out insurance policies against them.

“Investment banks such as Goldman Sachs were not simply market-makers, they were self-interested promoters of risky and complicated financial schemes that helped trigger the crisis”, Michigan Democrat Carl Levin from the Senate Permanent Subcommittee on Investigations said.

Despite multiple revelations published by the Subcommittee, the Obama administration announced it was ending the investigation into Goldman Sachs for its manipulation of the sub-prime mortgage market in 2012.

Ironically, Republican presidential candidate and Texas Senator Ted Cruz loves nothing more than telling Republicans how Obama brought the country to its knees, failing to mention that his wife is a managing director for Goldman Sachs and regional head of the bank’s Houston office.

The government has been able to squeeze a few bob out of Goldman Sachs. Last week, it settled a joint lawsuit for $5 billion, specifically for Goldman Sachs’ role in selling mortgage-backed securities between 2005 and 2007.

It reached a $1.2 billion settlement with the Federal Housing Finance Agency in 2014 and in 2010, Goldman Sachs paid $550 million to the Securities Exchange Commission.

In all cases, the settlements allowed them to avoid prosecution or jail time.

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  • Goldman Nutsachs are terrorists, like the rest of the zionazi banking scum

  • The next president is being funded by them

  • There’s real time algo data that very few people check, repeated algo price discovery with order cancels and liquidity hunting should be allowed but not at the ms granularity.

  • when the dollar becomes valueless, the value of the trade and the ability to create goods independently will skyrocket!!!!!!!!!!!!!!!!!

  • They should be imprisoned for manipulation of the stock market, as well as the politicians who are letting them getaway with it!

    • Exactly! Make sure you get out and vote for Bernie Sanders in your state primary election. He is the only presidential candidate who has not taken money from special interests. He works FOR the people. #BernieSanders2016

    • Fraud, thats how it looks to me.

    • Missy Anne Thrope you, I’m afraid, are so misguided it’s scary. It does not matter who you vote for, the winner has already been chosen.

    • Or send them to Saudi and let them deal with them, probably wouldnt take long for them to do something they ‘shouldn’t’ out there.

  • Futures ,pre-market ,and market???

  • These are the kind upstanding and generous folks who are funding part of the Stay in the EU program for the UK, a little insight into the true nature of the Beast,

  • they figure if hillary gets away with it, they can also. They support hillarys campaign….

  • crooks

  • Only white people believe the government

    • Congratulations on having the dumbest comment I’ve seen today

    • Chris Brewer Said the white person!

  • AT THE SAME TIME ISRAEL GROWS WILD WITH US TAX MONEY BANKING CARTELS make mexico look like dogs in the mud fighting over a bone.

  • Too big to fail…too big to be. Break them up.

  • Greg Lloyd

  • Dustin Moyer

  • Americans need someone to tell us we are in a recession? You think this is just how life has always been? That sad way to go American sheople

  • Kevin Nixon

  • Cruz’s wife works for this company

  • Zionists do what they want

  • no shit they have been doing that since they were created

  • Altering? Is anybody really surprised!?!

  • Oh, you mean Mrs Ted Cruz ‘ s wife’s company

  • This used to be known as fraud and was a punishable offense. Those were the good old days…these are not

  • Did it help?!

  • yes

  • and this is how the people get constantly mis-informed by those who hold the money’s of the mis-informed, CRIMINAL and highly illegal , but guess what?,……. yup!

  • Not suprised!

  • Seems they have that power, doesn’t it.

  • Kristina

  • Why don’t they clip the switch more often to help the dam world.

  • Volkswagen , flint , birth places , I’m missing something big , I know it , warssssssss

  • Last chance saloon ?

  • It’s a rigged game. The numbers are so fudged no one is believing it anymore.

  • can we all just admit now that the Rothschilds won monopoly. the days of deception are over.

  • anyone with half a brain and some eyesight can see that we are still indeed in a recession

  • Get rid of those thieves!!
    ✌✌✌✌✌

  • Lois Mary Donaldson

  • FFS!!

  • Goldman Sachs, there God is Money!

  • This is noting new –

  • Anyone actually surprised by this news?

  • Money is fake so the “faith” in the market is just as fictitious.

  • Burn them all. Quick history lesson, it never works forever, and your head may be missing at the end of this. Your fucked bankers.

  • It’s all about the money.

  • How the heck did Martha Stewart end up going to jail when crap like this is going on? What the hell?

  • In all cases, the settlements allowed them to avoid prosecution or jail time….makes me retch