Lloyd Blankfein on Private Equity, Trump, and Next Global Reckoning

Bloomberg
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Lloyd Blankfein on Private Equity, Trump, and Next Global Reckoning
Bloomberg
Written by Bloomberg
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Lloyd Blankfein, the former chairman and CEO of Goldman Sachs, remains wary of systemic "kindling" despite a banking sector that is currently better capitalized than in previous crises. In an interview with Bloomberg's Francine Lacqua, he weighs the "balancing act" of Donald Trump's policy outcomes against the unpredictability of the global energy supply. Blankfein warns that the long absence of a market reckoning has allowed private equity inventory to accumulate like tinder.

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