Economists say lissen’ up: we missed predicting the recent market crash, and the immediate rebound. But boy do we have some great new advice for you

Photo above - DJ "D-Sol", who moonlights as the CEO of Goldman Sachs, under the stage name "David Solomon"

Who could fail to love and trust Goldman Sachs? Their role in the 2008 mortgage crisis should be forgiven. It doesn’t matter that the company paid 1,000 employees a bonus of $1 million or more each in 2009 with TARP government funds. Goldman has 900 offshore tax shelter subsidiaries – 500 in the Cayman islands alone! (see Wikipedia link below)

Okay, now that our trust-o-meters are properly calibrated, let's examine what Goldman is recommending today: sell the shares of US companies, and buy foreign companies instead. This is not a joke. See the MSN link, just under the Wikipedia one.

For normal people, this is not a call to arms. Our 401K and IRA money is mostly in ETFs (exchange traded index funds). About $16 trillion, more less. The average cube worker, teacher, police officer, or UAW union member is not about to pick call their broker and demand “Sell all of my SPY (S&P index fund) shares. I want to go international. What looks good in Brazil or India?”

I doubt that’s what Bezos, Buffet, Musk or Gates are doing anyway. In the first place, they probably don’t even own any significant amount of Index fund shares, although Musk probably wishes he does at this stage.

I’m sure Goldman Sachs has some dandy international investment recommendations if you do decide to call. Here’s some stuff that’s been recommended to me in the past (but not by Goldman) . . .

BRZU – (Brazilian national mutual fund). It hit an all-time high of $10,000 a share in 2015. It’s been between $50 and $100 ever since. That’s a 99% loss.

INDL – (India Mutual Fund) – it hit a high of $200 in 2010. It’s been between $10 and $60 ever since. The war thing isn’t helping. That’s a 70% loss.

Japan - (the Nikkei 225 index) it dropped 30% since Trump's inauguration, and rose 20% since. This seems the same as buying the S&P 500 index. It’s a bet for or against imported car tariffs.

Germany - (DAX index) same story. Huge drop in 2025, and immediate recovery. Europe's largest and most respected economy.

I’m NOT tempted to research stocks in China, Mexico, Venezuela, or Slovenia. I don’t believe this is a good use of my free time.

Sorry to disappoint, Goldman Sachs, with your 1,000 traders earning bonuses of $1 million each. I’m not selling my US index funds to buy 3rd world stock market moonshots, or nations where the popular stocks more or less track to the American indices.

I’m just sayin’ . . .

Goldman Sachs controversies - Wikipedia

Stocks have climbed out of a big hole. Here’s what Goldman Sachs says