Lloyd Blankfein

But one of the things is it might be harder the next time, but there's a certain inevitability that risk will get taken and we will not see it coming.

And it's been quite growthy out there.

And again, we can talk about the economy and the polarization and the fact that, you know, people with asset values are inflating.

And so people with assets are getting richer and people without assets aren't getting richer.

So the gap between rich and poor.

It's very hard to talk about a good economy when you know for more than half the people it's not a good economy.

And if you talk about the bad economy, you're missing the point because on a macro basis, the economy is doing well.

Well, obviously we're sitting here and 15 minutes from now it might be resolved, but right now all eyes of people who are thinking about the economy going forward are on the Straits of Hormuz and the price of oil as a consequence of that.

And that affects the price of oil, but it affects a lot of other things as well because energy is an ingredient for almost everything.

And I'd say the market is assuming that

that this will be temporary.

By the way, even down to the price of oil.

So the price of oil as we sit here is over $100 a barrel.

And if you want to take delivery of your oil in the future, it's a lot less.

It's cheaper because everyone's assuming that in the future the price is going to go down because it's a temporary situation.

The longer it goes on, the less temporary people will see.

They'll get used to this.

And they'll know that there's not a rapid end.

So that's a focus.

If you pluck that away, so in other words, before we found ourselves in this situation or assuming that this gets resolved quickly, the economy has a lot of tailwinds to it.