Category Archives: Goldman Sachs

Goldman Sachs boss on Trump tax plan: 'Odds of a bad outcome have gone up'

Lloyd Blankfein warns that Donald Trump’s $1.5tn tax cut plan could over-stimulate an already healthy economy

The Goldman Sachs boss, Lloyd Blankfein, has added his voice to the chorus warning that Donald Trump’s $1.5tn tax cut and spending plans could lead to an overheated US economy.

“The odds of a bad outcome have gone up,” Blankfein told CNN on Wednesday.

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Source: gad

The EU still represents a bulwark against the corruption of 19th-century trade

Outside a single market trying to keep faith with ethical trading, Britain faces a dog-eat-dog world of opacity and compromise

The patterns of global trade are moving into a new era, except that they look like a re-run of a terrible past.

It’s not so much a concern about the rise of isolationist nation states – ones that put protectionist trade policies before the world’s economic health. The fear must be that trade reverts to the 19th-century rulebook that rewarded the countries with the most muscle and bargaining power.

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Source: gad