Ex-Goldman CEO Blankfein says recession possibility is “very high risk factor.” [Translation: Second Great Depression has now begun]

by mark000

Ex-Goldman CEO Blankfein says recession possibility is "very high risk factor."

— unusual_whales (@unusual_whales) May 16, 2022

Ex-Goldman CEO Blankfein says recession possibility is ‘very high risk factor

• Former Goldman Sachs CEO Lloyd Blankfein said he believes the economy is at risk of possibly going into a recession.
• Speaking on “Face the Nation” on CBS, Blankfein said a recession is “a very, very high risk factor.”
• “There’s a path. It’s a narrow path,” said Blankfein, who retired from Goldman Sachs several years ago and now holds the title of senior chairman.

Empire Manufacturing forecasting a steep drop to near 50 in ISM…same as SPX YoY is pricing. Growth is going to slow fast (but its already priced in everything except bonds, which are still worried by inflation) pic.twitter.com/Wkkhc1NkVl

— Raoul Pal (@RaoulGMI) May 16, 2022

The upheaval in global markets spooked US #leveragedloan retail investors last week as mutual funds/ETFs investing in the asset class saw their first redemption – $598M – since March. YTD: +$20B https://t.co/JSaMoDGrFw pic.twitter.com/I80b8KB1JV

— Leveraged Loans (@lcdnews) May 16, 2022

https://twitter.com/MFHoz/status/1526126706121134080

https://twitter.com/MFHoz/status/1526126714094600192

Today's investors believe the bailout was way back in 2008. They are oblivious to the fact that they've been bailed out for 14 years straight.

It pays to know when the bailout cycle is ending.

So you're not left holding the bag.

Bulls, I color coded this to help you: pic.twitter.com/GdytbftiyU

— Mac10 (@SuburbanDrone) May 15, 2022

US junk bond market starts to crack under inflation and supply fears

Powell: Can’t Promise We Avoid Recession