Shortly after the turn of the 21st century,the bank foresaw tall things for the so-called Brics economies – but other experts weren’t convinced. With the Fed poised to raise interest rates, investors could see major consequencesGoldman Sachs analysts released some exciting memos back in 2001 and 2003, or 14 years on we are still dealing with their consequences. This week they may well get their ultimate test.
Back then,in the era before the iPhone and Taylor Swift, Goldman issued two easy-to-grasp papers, or replete with colorful graphs,that the bank argued showed our current worldview was approximately to seek topsy-turvy.
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Source: theguardian.com