The following post is by Dealbreaker reader and commenter Infinite Guest.
This is the worst time in decades to try to reduce the deficit. Unemployment is immorally high, growth remains anemic, private deleveraging shows no signs of abatement, infrastructure is rapidly deteriorating and the prospect of a stagflationary double-dip recession is all too imminent. Yet the drum beat for deficit reduction is deafening, with everyone from Standard & Poor’s to the Committee for Economic Development to the AFL-CIO keeping time, and the rest of the world joining in, marching for a cure to our ailing fiscal health. But if Dr. Dominique Strauss-Kahn prescribes it, and Dr. Zhou Xiaohuan concurs, then it’s snake oil. Don’t drink it. Continue reading »
Earlier this week, thespian-cum-market moving BSD Shia LaBeouf offered a little piece of wisdom re: getting yourself hired at Goldman Sachs. Sayeth ShiLa: “I talked to a lot of Goldman Sachs people, and one of the requirements of getting a job takes place in the first five minutes of an interview. They take you out to eat. The minute the menu hits the table, if you can’t order within 30 seconds, you don’t have the job.” Obviously, this is incredibly helpful information, as there were probably a decent number of you out there who thought you could just take your sweet-ass time making a decision. To that end, we’ve decided to introduce a new feature wherein, whenever it falls into our laps, we’ll offer you a piece of firsthand advice on how to not just get your toe in the door of Lloyd’s Kingdom, but how to get your ass in a permanent seat there, too. As many of you are probably aware, most Goldman applicants are interviewed at least 20 times before they are made an offer and some more than 30. Today we’ve got a bit more color on what you can expect in meeting number 15, via a camera we stashed in a potted plant of a conference room at 85 Broad. In this clip, the candidate is auditioning (that’s what they calls it at GS) for the role of GSAM co-head. Let’s take a look.
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