Jim O'Neill Goldman Sachs Guru, Sees 2011 As 'The Year Of The USA'

Daily Finance:

Jim O'Neill shot to fame by predicting the staggering rise of emerging-market economies. Now the head of Goldman Sachs (GS) Asset Management, O'Neill recommended investors buy into so called BRIC economies of Brazil, Russia, India and China a decade ago.

Read the whole story: Daily Finance

Comments

[rebel9999]

09:41 AM on 12/29/2010

One of Obama's close friends.

[DrRoberts99]

09:32 AM on 12/29/2010

One reads the comments below and realizes that most of the individuals posting here are just as clueless as those that only get their "news" from Fox.

[stargazer13]

09:10 PM on 12/28/2010

Rut Row ! every time they say the year of !! watch out !!

[land2341]

08:10 PM on 12/28/2010

This is irrational, but "The market can remain irrational longer than you can remain solvent."

This guy is big enough to engineer a pump and dump.

[guveqzero]

12:36 PM on 12/28/2010

And, he would sell his own family into slavery if he could make a buck. Oh, he already did.

[norkas]

09:11 AM on 12/28/2010

Sometimes people that are very successful need a reality check.

I just spoke to someone I know well from wall street and he told me there were allot of layoffs and more expected in coming weeks.

The firms want to be lean and mean and instead of creating new revenue models they are reducing there workforce for the bottom line profits.

I believe with the trade agreements we have with China that will get slowly adjusted and the continued outsourcing in technology in India and other countries 2011 will not be a boom year.

If you were dealing with reality then this would be understood . Yes, we are developing new innovations and hopefully many of these new products will be manufactured in America but this will not happen over night.

[Chris Moltisanti]

03:23 AM on 12/28/2010

this guy is an id i ot....

as are the american people for sleeping through this c r

a

p

[MikeyJaii]

01:23 AM on 12/28/2010

2011 - Year of U.S = Total B.S !

[Siebenstein]

12:23 AM on 12/28/2010

LOLOLOLOL

Another financial dwarf in chief

[hellboundtrain]

12:04 AM on 12/28/2010

They were emerging economies, so what else would a half smart person believe?

Beyond that, remember that even a clock clock is wrong 99.999% of the day.

[GerryS]

10:58 PM on 12/27/2010

'The Year Of The USA'

what, the year we give all of our little boys to the Catholic priests,
the year we give amnesty of georgie, uncle dickie and all of the bankers that ruined us,
the year we bend over and take the big one for the gipper,
China shows they owns us and takes control???????

what?-------------------

[themodernleader]

10:23 PM on 12/27/2010

   This banker is becoming egocentric.  He lives in a world that is the fastest growing segment of this poverty stricken, broken organization.  In his work of privilege and wealth, insider information and special favors are never far away.   The organization's  President  is on call 24-7 to meet his ever greater demand and profit.  From Tim O'Neill's position in  the barn yard, America is the golden goose that continues to lay golden eggs for his financiers of doom and dissolution.

[msjimmied]

10:16 PM on 12/27/2010

Sure, it'll be like the stock market in Zimbabwe! The market there looks hot too, and everyone is a Trillionaire. It sounds so soothing though for people who have a normalcy bias, it's all going to get better now...don't worry chicken curry, all good, just you wait and see.

Jim, nothing has changed. The engine is dying, What does this tell you?

"Another diffusion index miss, another snooze in stocks, another surge in inventories, another plunge in new orders, and another harbinger of margin collapse: that's how one can describe today's only relevant economic datapoint. The Dallas Fed's December Texas Manufacturing Index came at 12.8, a big miss from expectations of 17, and a drop from the November print of 13.1. And as always, the really nasty news was behind the headlines: finished goods inventories surged by 11.1 to -1.1 (and a whopping 19.5% in the six month forward index), while materials inventories rose by 3.9%. On the margin collapse side prices paid for raw materials jumped by 9%, wages and benefits increased by 4.4%, while new order volume and growth rate bit plunged by 7.5% and 6.8% respectively. We expect the futures to go green imminently on this piece of economic data which no computer gives a rat's a$$ about."

http://www.zerohedge.com/article/dallas-feds-texas-manufacturing-index-misses-expectations-17-comes-128-inventories-surge

[liberalbug]

09:33 PM on 12/27/2010

yeah right, the year of the US. Perhaps if you are a banking executive or hedge fund manager.

[WaveRhydr]

09:35 PM on 12/27/2010

The Over Lords invested a lot in Obama. They know if they keep on the way they have been FDR reforms will be the least that happen to them.

We know the game is rigged, and its cheaper to let the suckers win every now and then, than to have them burn your gaming house down.

[Coinyer101]

09:31 PM on 12/27/2010

That means they got the rules setup how he want them = nothing changed....,

[SiberianRat]

09:33 PM on 12/27/2010

Yep. Btw, hittin some nice Blue Dream :-)

[Coinyer101]

10:03 PM on 12/27/2010

Never heard of it. I want some.....,   : )...~