{"id":1476691,"date":"2022-05-16T12:30:07","date_gmt":"2022-05-16T16:30:07","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1476691"},"modified":"2022-05-16T12:30:12","modified_gmt":"2022-05-16T16:30:12","slug":"goldman-sachs-executive-lloyd-blankfein-says-recession-is-a-high-risk-factor","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/goldman-sachs-executive-lloyd-blankfein-says-recession-is-a-high-risk-factor\/","title":{"rendered":"Goldman Sachs executive Lloyd Blankfein says recession is a high risk factor"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fgoldman-sachs-executive-lloyd-blankfein-says-recession-is-a-high-risk-factor%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1476691&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div id=\"attachment_2720127\" class=\"wp-caption alignnone\">\n<p id=\"caption-attachment-2720127\" class=\"wp-caption-text\">FILE \u2013 In this Sept. 24, 2014 file photo, Lloyd Blankfein, Chairman and CEO of Goldman Sachs, speaks during a panel discussion at the Clinton Global Initiative, in New York. Goldman Sachs announced Tuesday, July 17, 2018, that Blankfein will retire as CEO and chairman on Sept. 30, and be replaced by Chief Operating Officer David Solomon. (AP Photo\/Mark Lennihan, File)<\/p>\n<\/div>\n<h5>OAN NEWSROOM<br \/>UPDATED 9:16 AM PT \u2013 Monday, May 16, 2022<\/h5>\n<p>Senior Chairman of Investment Bank Goldman Sachs, Lloyd Blankfein said a US recession is, in fact, possible and consumers should be ready for it.<\/p>\n<blockquote>\n<p><strong>\u201cIt\u2019s definitely a risk\u2026if I were a consumer, I\u2019d be prepared for it, but it\u2019s not baked in the cake,\u201d he stated during an <a href=\"https:\/\/www.youtube.com\/watch?v=e-4LIDCJwRs\">interview<\/a> Sunday.<\/strong><\/p>\n<\/blockquote>\n<p>Blankfein said the Federal Reserve may be able to prevent an economic downturn, but it could be hard to avert in the face of runaway inflation. The Goldman Sachs executive added, elevated inflation may persist for a long time, which may worsen quality of life for millions of Americans.<\/p>\n<blockquote>\n<p><strong>\u201cSome of the supply chain shocks will go away, but some of it will be a little bit stickier and will be with us for a while,\u201d he explained. \u201cAnd while we\u2019re talking about this in the macro sense, overall for individuals and certainly the individuals at the bottom quartile of the pie sharing, it\u2019s going to be quite difficult and oppressive.\u201d<\/strong><\/p>\n<\/blockquote>\n<p>Blankfein went on to say he believes the US financial system will get through this crisis and risks will reduce after the Ukraine crisis is over. Meanwhile, economist Robin Woods, a <span class=\"css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0\">former Chief FX Strategist at <\/span>Goldman Sachs, echoed\u00a0 Blankfein\u2019s warning while suggesting a global recession is coming.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Global recession is coming. The two biggest export economies in the world \u2013 Germany (blue) &#038; China (black) \u2013 are seeing their new export orders in the manufacturing PMIs fall sharply. That&#8217;s deteriorating global demand as we teeter towards recession. Only outlier: the US (red)\u2026 <a href=\"https:\/\/t.co\/u5ntWz7fXa\">pic.twitter.com\/u5ntWz7fXa<\/a><\/p>\n<p>\u2014 Robin Brooks (@RobinBrooksIIF) <a href=\"https:\/\/twitter.com\/RobinBrooksIIF\/status\/1523322657432907782?ref_src=twsrc%5Etfw\">May 8, 2022<\/a><\/p>\n<\/blockquote>\n<p>Woods pointed to Germany and China, who he noted have the two biggest export economies in the world. He pointed out that both are \u201cseeing their new export orders in the manufacturing PMIs fall sharply.\u201d<\/p>\n<h4>MORE NEWS:\u00a0<a href=\"https:\/\/www.oann.com\/rep-norman-documentation-of-vote-fraud-in-2000-mules-is-astounding\/\">Rep. Norman: Documentation Of Vote Fraud In \u201c2000 Mules\u201d Is Astounding<\/a><\/h4>\n","protected":false},"excerpt":{"rendered":"<p>FILE \u2013 In this Sept. 24, 2014 file photo, Lloyd Blankfein, Chairman and CEO of Goldman Sachs, speaks during a panel discussion at the Clinton Global Initiative, in New York.<\/p>\n","protected":false},"author":79,"featured_media":1888948,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1476691","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_finder_url":"https:\/\/www.oann.com\/goldman-sachs-executive-lloyd-blankfein-says-recession-is-a-high-risk-factor\/?utm_source=rss&utm_medium=rss&utm_campaign=goldman-sachs-executive-lloyd-blankfein-says-recession-is-a-high-risk-factor","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1476691","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/79"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1476691"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1476691\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1888948"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1476691"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1476691"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1476691"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}