REMEMBER THE RULE: WHATEVER GOLDMAN SACKS SAYS, THE OPPOSITE IS THE TRUTH!
http://www.bloomberg.com/news/articles/2015-07-29/blankfein-sees-strong-u-s-market-jolt-from-fed-rate-increase
Goldman Sachs Group Inc. Chief Executive Officer Lloyd C. Blankfein said U.S. markets are poised for prolonged growth and will quickly move on after a jolt from the Federal Reserve’s first interest-rate increase since 2006.
“We are in for a longish, positive market,” Blankfein said Wednesday in an interview on Bloomberg Television. “Since the financial crisis, especially in this country, there were a lot of problems, but we chewed through them. Consumers have deleveraged, the banking system has deleveraged, we got the blessing of low energy prices, housing prices started to stabilize and move higher.”
Blankfein, starting his 10th year as Goldman Sachs CEO, spoke in a joint interview with former New York City Mayor Michael Bloomberg that also covered China’s policy challenges and 2016 U.S. presidential candidates. Blankfein, 60, said he would support a moderate who’s open to compromise, without naming a candidate.
He expressed mixed views when asked about his own ambitions for entering government work. “It would be an attractive thing to do, but a very unattractive place to get to,” Blankfein said.
The CEO also said a rate increase from the Fed will still leave the economy facing lower interest rates than usual, with improving growth. The central bank will raise its target rate to 0.5 percent this quarter, according to the median forecast of 74 economists in a Bloomberg survey...
HEAR THE LITTLE WEASEL IN HIS OWN WORDS WITH THE VIDEO AT LINK...MORE TEXT, AS WELL
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