ICYMI - Goldman CEO Solomon says prospect of a US recession 'has increased'

Goldman Sachs CEO David Solomon spoke to analysts on Monday (US time) after releasing first quarter results:

• prospect of a recession "has increased"
• Solomon cited:
• the uncertainties of a trade war
• firms unsure about how to plan for the future
• "we are entering the second quarter with a markedly different operating environment than earlier this year"
• economic growth had been "slowing down"
• implementation of new trade policies from Trump "reset the prospect of forward growth pretty significantly all over the world"

Soloman pointed to clients of GS:

• "concerned by the significant near-term and longer-term uncertainty that has constrained their ability to make important decisions"
• uncertainty about the path forward amounted to "material risk" for the US and global economy
• "The prospect of a recession has increased with growing indications that economic activity is slowing down around the world"

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Most of us here are clicking to buy and sell financial instruments, on varying time frames from scalper to longer-term. Carry on! Don't dismiss the risks to main street though, decisions to build new factories, open outlets and what have you, are MUCH more difficult now in this environment.