Goldman Sachs Top Ten Trades For 2010

Ambrose Evans Pritchard reports on 8 top ‘ten’ trades for 2010 from Goldman Sachs. Perhaps surprisingly it contains –


Short Spain/ Long Ireland.. This is interesting. Goldman Sachs says both countries are “boom-bust” property disasters but Ireland “looks better placed to outgrow its debt” and has shown “greater resolve” in taking the axe to spending. Spain’s “behind-the-scenes” bank cleansing is not credible. I agree totally. Goldman Sachs plays this through 5-year credit default stops (CDS). Don’t ask me how to do it. This is hedge fund stuff.

They must have missed yesterday’s Neville Chamberlain moment, or perhaps they’re up-to-date and have factored in today’s apparent U-turn?

No bio, some books worth reading – The Rational Optimist: How Prosperity Evolves – Matt Ridley .

Crisis Economics: A Crash Course in the Future of Finance -Nouriel Roubini, Stephen Mihm