A day after JPMorgan CEO Jamie Dimon accelerated his anxiety level for the future from “storm clouds” on the horizon to an imminent “hurricane”, Goldman Sachs President John Waldron piled on with the pessimistic opinions.
At an investor conference this morning, Waldron joked that he’ll avoid “using any weather analogies,” but spelled out his fear that risks from inflation, changing monetary policy and Russia’s invasion of Ukraine could kneecap the global economy.
“This is among – if not the most – complex, dynamic environments I’ve ever seen in my career,” Waldron said.
“The confluence of the number of shocks to the system to me is unprecedented.”
As Bloomberg reports, Waldron emerged as one of the harshest critics of the Fed from the banking sector earlier this year, when he assailed the central bank for what he perceived as its lack of autonomy and resolve to withstand the pressure to carry out measures needed to tame the hottest inflation in 40 years.
“We expect there’s going to be tougher economic times ahead,” Waldron said.
“No question we are seeing a tougher capital-markets environment.”
Finally, Waldron warned of a slowing in the merger market from the current “resilient” levels:
“That’s going to start to roll over because you see demand destruction, CEOs get a little less confident,” Waldron said.
“That’s a reasonable expectation, but we’re watching that carefully as a signal.”
www.zerohedge.com/markets/its-unprecedented-goldman-president-echoes-dimons-hurricane-warning
- PEDOPHILES ARE OFFICIALLY A PROTECTED CLASS IN AMERICA NOW
- Armstrong: Prepare for WWIII: The West NEEDS war because the entire financial system is collapsing
- Congressman Jim Jordan gets Debbie Birx to admit the truth…
- Fed throws Biden under the bus, says hes collapsing the country
- Comedian Alex Stein Trolls Leftist Protesters Outside His NYC Comedy Show
- A Major Prophetic Voice Is Warning That Food Confiscation Will Happen In America When Shortages Get Really Severe
- Dr. Geert Vanden Bossche forecasts total chaos within 2 months.
- Why Are They Still Pushing the Global Warming Hoax When We Have Real Problems to Take Care Of?
- Biden Admin Reportedly Losing Faith in the Ukraine Victory Plan
- This is What Happened in Kremenchug
Views: 38