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Lloyd Blankfein

πŸ‘€ Speaker
1832 total appearances

Appearances Over Time

Podcast Appearances

Making Sense with Sam Harris
#473 β€” Money, Power, and Moral Failure

a lot of tailwinds.

Making Sense with Sam Harris
#473 β€” Money, Power, and Moral Failure

You know, the equity markets are, have been very high.

Making Sense with Sam Harris
#473 β€” Money, Power, and Moral Failure

Interest rates are likely to come down.

Making Sense with Sam Harris
#473 β€” Money, Power, and Moral Failure

There's a lot of stimulus coming in terms of the tax bill that was passed.

Making Sense with Sam Harris
#473 β€” Money, Power, and Moral Failure

You could see, um, people are already witnessing the fact that people's refunds, uh, from the government, from their tax refunds are higher.

Making Sense with Sam Harris
#473 β€” Money, Power, and Moral Failure

All that is pumping, is going to pump money into the economy.

Making Sense with Sam Harris
#473 β€” Money, Power, and Moral Failure

That's already going pretty well.

Making Sense with Sam Harris
#473 β€” Money, Power, and Moral Failure

And, um,

Making Sense with Sam Harris
#473 β€” Money, Power, and Moral Failure

Again, growth is a little bit lower than we'd like it to be in the last reading, but still pretty high.

Making Sense with Sam Harris
#473 β€” Money, Power, and Moral Failure

Unemployment ticked up in the last reading, but employment and payrolls are still very good.

Making Sense with Sam Harris
#473 β€” Money, Power, and Moral Failure

So you can find kind of problems.

Making Sense with Sam Harris
#473 β€” Money, Power, and Moral Failure

But I would say, looking at the situation, we were in a pretty good economy from a macro point of view.

Making Sense with Sam Harris
#473 β€” Money, Power, and Moral Failure

But now the economy has to do two things.

Making Sense with Sam Harris
#473 β€” Money, Power, and Moral Failure

This gets back to another point, which it has to create wealth.

Making Sense with Sam Harris
#473 β€” Money, Power, and Moral Failure

It has to grow GDP, create wealth.

Making Sense with Sam Harris
#473 β€” Money, Power, and Moral Failure

And then it has to figure out a way to distribute that wealth created according to the values of society.

Making Sense with Sam Harris
#473 β€” Money, Power, and Moral Failure

And so people will argue that we've done a lot better on the first part, creating wealth, and still on a going forward basis.

Making Sense with Sam Harris
#473 β€” Money, Power, and Moral Failure

But for this oil situation, still on a good track and less good on the second part.

Making Sense with Sam Harris
#473 β€” Money, Power, and Moral Failure

And the second part is more the distribution part.

Making Sense with Sam Harris
#473 β€” Money, Power, and Moral Failure

And that's really, you know, there's limits to what financial institutions could do in that respect.