goldman austerity basket

Clients Not Worried About Debt Ceiling: Goldman Sachs

In their ‘US Weekly Kickstart’ report of October 11, Goldman Sachs analysts David J Kostin, Stuart Kaiser, Amanda Sneider, Ben Snider, Rima Reddy and Aaron Woodside say earnings data could take up the slack from a paucity of macro data due to the government impasse.

Clients essentially unconcerned with the debt ceiling

The analysts report that clients are almost universally sanguine that a solution to the fiscal logjam would be thrashed out at the last minute, and choose to focus instead beyond Washington at the equity markets.

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