One of Trump's top economic advisers said the Goldman Sachs research team looks like 'the Democratic opposition' because of their critiques of Trump

Business Insider -

Business Insider—Kevin Hassett, the chair of President Donald trump's Council of Economic Advisers, attacked the Goldman Sachs research team during an interview on CNN. Hassett was asked about a recent note from Goldman that estimated Trump's threatened 25% tariff on all Chinese goods could wipe out any earnings gain from the stock market next year. "I haven't read that report, but the Goldman Sachs economic team almost at times look like they are the Democratic opposition," Hassett said. Hassett pointed to...

Trump's Top Econ Advisor Accuses Goldman Of Slanting Research To Help Democrats. Over the weekend we reported that as increasingly more banks evaluate the worst case scenario in the ongoing US-China trade war, we highlighted that Goldman Sachs, which assigns a 60% probability the US will impose tariffs on most or all of the additional $267 billion of imports from China that are not covered by the tariffs announced to date, issued a warning that whereas so far S&P profits and margins have been able to avoid a direct hit, this may change soon: "Tariffs threaten corporate...