Goldman's Solomon on inflation, recession, ChatGPT, M&A, energy, China

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Goldman CEO David Solomon warns of stubborn US inflation, calms fears of a deep recession, and talks ChatGPT and AI in a new interview. Here are the 9 best quotes.

and other artificial-intelligence tools among corporate executives. Moreover, he's underlined his bank's support for both fossil-fuel and clean-energy companies, and expressed concern about the US and China's fraught relationship.Here are his 9 best quotes from the conversation:

2."If you're running unemployment at these low levels, it's very hard to get inflation into check. If you're playing a nine-inning baseball game, we're somewhere in the middle of the game. Not near the end of the game." 4."The sentiment around the likelihood of a very difficult economic recession has certainly softened. I think the chance that we could muddle through with either a shallow recession or a soft landing certainly feels more likely."

6."We're off to a very slow start this year, on a relative basis. You'd have to go back 20 years to see announced M&A volumes six weeks into the year as slow as it has been."

 

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Goldman Sachs boss David Solomon warns the inflation fight is far from overGoldman Sachs boss David Solomon warns the fight against inflation is nowhere near over – because the US jobs market still looks so strong “Inflation is always and everywhere a monetary phenomenon, in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output.” It has nothing to do with the jobs market. For gods sakes. Lmao smfh only 'Inflation is always and everywhere a monetary phenomenon, in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output.” It has nothing to do with the jobs market. For gods sakes. Lmao smfh only DavidSolomon
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