Meanwhile, 98% of CEOs are preparing their business for an oncoming recession in the U.S. and Europe, with the expectations that the one in the U.S. will be short and shallow, according to The Conference Board survey conducted on October 13. Furthermore, Goldman Sachs (NYSE: GS) CEO, David Solomon, was a guest on CNBC’s Squawk Box on October 18, confirming that there is ‘a good chance of a recession’ in the U.S. Solomon noted, “there’s no question we’re tightening economic conditions relatively quickly,” pointing out that “at some point, there’s going to be a bigger impact on consumer behavior.” He opined:
Asset appreciation
Solomon continued discussing previous speed bumps in the U.S. markets and the fact that easier money and asset appreciation came along for the investors that held their breath during those speed bumps in the markets, but that the environment now is a bit different. Whether this slow growth period continues beyond 2022 will depend on numerous policy decisions by the U.S., but also on other global macro factors, and whether the world will be more divided going into the future or a true global village. Buy stocks now with Interactive Brokers – the most advanced investment platform Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
