As Construction Industry Shrinks, Goldman Challenges Fed

HFA Padded
Mark Melin
Published on
Updated on

Goldman Sachs’ Hui Shan has taken up a different angle on a point that his team leader, Jan Hatzius, has previously stated is a reason not to pull interest rates higher from the mystical zero level: workers. As previously reported in ValueWalk, Hatzius has accurately noted that hourly wages remain low and thus nudging interest ever so slightly off the odd zero level means that the Fed should wait until December, not September, to pull the trigger on raising rates from the historical oddity of zero. Never before has this observer witnessed Goldman Sachs so supportive of the middle class,…

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HFA Padded

Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.