Fortress TIC

By |2018-01-17T18:31:12-05:00January 17th, 2018|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Goldman Sachs reported FICC revenues of just $1 billion in Q4 2017. That was the lowest for the Wall Street firm, technically a bank, since it converted from properly a securities business to one during the worst of 2008. That was 50% less in “bond trading” than Goldman had produced during Q4 2016. You start to get the sense that [...]