March 26, 2019

Goldman Sachs chief: US politics as negative as Ive ever seen

Goldman Sachs CEO Lloyd Blankfein said political volatility is the new normal in the U.S.

In an interview with POLITICO in Brussels on Thursday, Goldmans chief said the situation nowadays is peculiar because the “economy is pretty good and politics are as bitter and as negative as Ive ever seen it.”

“One of the common slogans of the U.S. political scene is, its the economy stupid … it doesnt feel like that now.”

Blankfein also underlined that he doesnt “get hysterical at every pronouncement [made by U.S. President Donald Trump]” because theres a difference between the rhetoric and what actually gets done.

But he added — jokingly — that theres a global Trump frenzy. “Im sure there are villages in the Amazon that dont have electricity, never heard of a television, and everyday they are going home and are talking about whats the latest out of Washington,” he said.

Blankfein suggested that the U.S. trend might be a global one: “The country has elected and wanted a disruptor, but look around the world … there seems to be a moment in time where in spite of the fact that economies are doing well, in the absence of a big problem or a catastrophe thats galvanizing everybody, everyone is acting selfishly and independently.”

Original Article

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