Right before the housing crisis, Goldman Sachs Group (GS) bet against subprime mortgages to spare the company major pain. But now the firm is promoting the opposite path with housing indicators starting to improve, according to a new Bloomberg news article.
Writers Heather Perlberg and Jody Shenn report that Goldman Sachs is encouraging clients to focus on the subprime ABX index.
Apparently with home prices on the rise and mortgage rates low, the investment bank is going the opposite direction from 2008 and suggesting investments tied to housing.
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