In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche
Goldman Sachs (NYSE: GS) generates vast amounts of cash. For instance, Goldman reported a quarterly operating cash flow of $51.351 billion and a quarterly operating cash flow of $39.452 billion on 31 December 2019.
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Judging by Goldman Sachs, America is a superb investment. However, Goldman Sachs’ success does not mean all Americans are doing well.
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Goldman Sachs is experimenting with cryptocurrency trading. The bank was laying the groundwork for a cryptocurrency trading desk in December 2017, Bloomberg Markets revealed.
The desk is supposed to be up and running by the end of June, Bloomberg Markets speculated. Note: Bloomberg’s reporting is unreliable because the sources of the information were identified only as “people.” That means the article was based largely on hearsay.