Goldman Sachs President Warns of 'Unprecedented' Economic Shocks and Tougher Times Ahead
Goldman Sachs President and Chief Operating Officer John Waldron shared his outlook for the U.S. economy at a banking conference Thursday.
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Commenting on current economic conditions, he said: “This is among — if not the most — complex, dynamic environment I’ve ever seen in my career.” The top Goldman Sachs executive elaborated:
“We’ve obviously been through lots of cycles, but the confluence of the number of shocks to the system, to me, is unprecedented.”
Waldron’s comments echoed a similar warning by JPMorgan Chase CEO Jamie Dimon, who said Wednesday that there is a “hurricane” coming our way. “You better brace yourself,” he advised.
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