Relying on the Federal Reserve, Goldman Sachs plays an important role in the world futures market, that is, it has the pricing power of a large number of global economic products. For example, when you enter the China stock market for the first time, you will be surprised that the daily trading volume will be so large. However, none of the trillions of fund companies in China can support it in times of economic depression. Think about the strength of Goldman Sachs in the futures market with the world economy as the background. Take oil and gold for example. The sharp rise and fall of oil means that the U.S. government has suppressed other countries' economies, affected the foreign exchange benchmark interest rate, and suppressed the appreciation of foreign exchange benchmark interest rate, thus severely suppressing the export trade of developing countries and improving the export trade of the United States itself. In fact, it is a kind of economic protection. Speaking of gold, anyone who has studied economic common sense knows that the pricing of gold is based on the US dollar. But why isn't the fluctuation of the dollar as pessimistic as the world is about the United States in the subprime mortgage and the subsequent prime loan in the United States? In fact, the dollar and gold have risen. This is just a technical form. I won't comment in detail. This is a way for the US government to restore national confidence and restore the world's confidence in the US dollar. But all this requires a country that advocates free economy and human rights protection-the United States chooses an executor who seeks development for its own economy and curbs other countries' economies, and that is Goldman Sachs! ! !

In terms of underwriting, we take China Mobile's listing in Hongkong as an example, with Goldman Sachs as the underwriter, so it is not difficult to see Goldman Sachs' position in the developing market.

This may be a frontier confrontation, but it is not as good as Morgan Stanley of Boston Bank.