It aired on CNBC on Wednesday. scream boxGoldman Sachs CEO David Solomon said his bank had warned customers of a possible recession.
Decryption looks like this:
Customers call you and ask, “From your point of view, what does the next 18 months look like, what does the house look like, what does David Solomon look like, what does it look like?” when he said. Are we in recession?
Look for a slowdown in the home economy, higher rates, and a likely 30% chance of a recession for the next 12-24 months, as you predicted. I advise clients that we will tighten the economic conditions, it will affect some hard to predict things in your business. You have to consider your appetite for risk and planning and the fact that there is a reasonable chance that we will go into a recession at some point.
Source: Breitbart
