Goldman Sachs administration not Trump administration

Gary Cohn considered for Trump administration. President-elect Donald J. Trump is considering the president of Goldman Sachs for a senior administration job, possibly as director of the Office of Management and Budget, several sources close to the situation said. – Politico

NYT Dealbook

If this comes about, there’ll be three ex-Goldman Sachs partners in senior posts: his chief strategist and his nominated Treasury Sec were Goldie partners.

And for the record, his proposed Commerce Sec was the CEO of Rithschild Inc, the US arm of the Rothschilds.

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MU: Thrilled I’m sure fans are

MU  has become the first British football club to earn more than half a billion pounds in a year.

Manchester United has recorded record revenues of £515.3m for the 2016 financial year, the first UK football club to do so.

In a year when it won the FA Cup, the Old Trafford club also signed 14 sponsorship deals, and saw commercial, matchday and TV revenues all rise.

It is now predicting 2017 revenues of up to £540m, even though it is not in the Champions League this season.

…

The club’s accounts up until 30 June 2016 confirm that the Premier League club was the first British team to break the half-billion mark, but the figure is short of Barcelona’s €679m (£570m) revenue revealed in July.

The Premier League giants also revealed operating profits of £68.9m, and adjusted core earnings of £191.9m, both also records.

“Our record fiscal 2016 financial performance reflects the continued underlying strength of the business and the club is on target to achieve record revenues in 2017, even without a contribution from the Champions League,” said executive vice-chairman Ed Woodward.

http://www.bbc.com/news/business-37339740

A very Jewish achivement.

Too bad about the major trophies and playing in Europe. )))))

Lest I be accused of anti-Semtisim, I’m proud of the fact that I worked in Rothschild S’pore and shook the hand and had dinner with the then owner, Sir Evelyn. Actually it is the firm that in hindsight I regretted leaving for greener pastures. It was a really nice place to work in. Too bad about the pay though.

Btw, Rothschilds is the regular adviser to MU, and at times to its owners, the Glazers. The relationship to MU predates the Glazers.  Rothschild has had an office in Manchester since the 19th century.

And btw2, I’m sure you have read that Goldman Sachs made good money in M’sia before running into problems with the US marshalls.

Well in the 1970s when Dr M became PM and started buying ownership of plantations and mines from UK-based investors, Rothschild was the go-to bank for M’sia. It wasn’t that Dr M was supportive of the Jewish houses in London. But the central bank governor, Tun Ali, had good ties with the London Rothschilds. He was btw also a brother-in-law of Dr M. A character. Shook his hand and helped look after him during one of his visits here for a conference.

Think Indonesia is still the next big thing?

Rothschild Exits Investment in Indonesian Coal The British financier Nathaniel Rothschild’s five-year foray into Indonesia’s coal sector has come to an end after his investment vehicle, NRH Holdings, agreed to sell its 17.2 percent stake in Asia Resource Minerals, the London-listed company formerly known as Bumi, for 23.2 million pounds, or $35.3 million.

NYT Dealbook

It would be “the first and last time” he would get involved in Indonesia. He described the Asian country as “ungovernable”.

As the FT reported, he ended his quest to regain control of the miner, which he founded along with Indonesia’s Bakrie family in 2010, when the company was known as Bumi. He is estimated to have lost about £80m through the investment.

Instead he has agreed to sell his shares to an investor group backed by another Indonesian family, the Widjajas. Their £135m bid is now being backed by Asia Resource’s board. The company was once worth £3bn.

Widjajas 1 Jewish boy 0

Bakries 0 Jewish boy 0

Even M’sian successful tycoons have serious problems navigating Indonesian corporate jungles: think AirAsia.

 

Why Lord Rothschild is focusing on US

Recently Lord Rothschild, a 70-something deal-maker and shrewd investor, teamed up with the Rockefeller* family office. He said the US was the place to invest in because of its growing oil production. The two charts in this link explains what he means.

Well Temasek is buying into North America, though its flagship investment is one dog with fleas https://atans1.wordpress.com/2012/05/27/temasek-the-gd-the-bad-and-the-ugly/

Interestingly Lord Rothschild, unlike Temasek, has no plans to invest in Europe. BTW, he has a palace on the Greek island of Corfu. Time to buy the island?

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*The first rich Rockeffer made his fortune in oil refining and distribution.

Nomura: Bullish on Indonesia

Nomura says Indonesia’s fundamentals are solid. Growth is strong, inflation is muted, and the central bank aims to keep the rupiah stable. And the government aims to kick-start infrastructure projects by making land acquisition easier.

So GDP growth is expected to grow from an estimated 5.9% this year to 7% next year. Nomura sees a 15 times PE for the equity market next year, with a possible re-rating to as much as 16.5 times PE.

The firm’s top stock picks in Indonesia are infrastructure providers. Commodity companies are also expected to do well. Coal prices are rising even as production volumes improve. A return to normal weather conditions will also boost