Goldman COO Gary Cohn on the wires saying that they looking for seasoned traders and sales people.
- Says tapering is up in the air
- US economy hasn’t created real jobs
- Unemployment drop driven by participation drop
- Economy at same place a year ago
- QE makes as much sense as it did a year ago
- Fed will eventually taper but could be a long time
- Says he’s very sympathetic to main street (putting my tin hat on)
- Doesn’t know if main street understands impact of Wall st (now body armour)
- Not concerned about rising interest rates
- Very excited about Goldman in growing economy
- Hiring more people will bring more revenue
- Bonuses will depend on Q4 business
