Lloyd Blankfein
π€ SpeakerAppearances Over Time
Podcast Appearances
a lot of tailwinds.
You know, the equity markets are, have been very high.
Interest rates are likely to come down.
There's a lot of stimulus coming in terms of the tax bill that was passed.
You could see, um, people are already witnessing the fact that people's refunds, uh, from the government, from their tax refunds are higher.
All that is pumping, is going to pump money into the economy.
That's already going pretty well.
And, um,
Again, growth is a little bit lower than we'd like it to be in the last reading, but still pretty high.
Unemployment ticked up in the last reading, but employment and payrolls are still very good.
So you can find kind of problems.
But I would say, looking at the situation, we were in a pretty good economy from a macro point of view.
But now the economy has to do two things.
This gets back to another point, which it has to create wealth.
It has to grow GDP, create wealth.
And then it has to figure out a way to distribute that wealth created according to the values of society.
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.
But for this oil situation, still on a good track and less good on the second part.
And the second part is more the distribution part.
And that's really, you know, there's limits to what financial institutions could do in that respect.