Lloyd Blankfein, senior president of the Goldman Sachs Group Inc., said people should take a series of warnings from businesses about the economy to “withdraw a little” about their negativity.
His comments came the same day Elon Musk said Tesla Inc. reduced its payroll by 10%, and Reuters reported that the carmaker’s chief executive told some managers he had a “super bad feeling” about the economy.
Executives Jamie Dimon of JPMorgan Chase & Co to Jane Fraser of Citigroup Inc. and Gary Friedman, head of the Croatian furniture retailer, warned investors this week to be wary of the economic recession. Last month, Blankfein himself urged businesses and consumers to push for a recession in the U.S., saying it was a “very, very big risk”.
The former CEO of Goldman said on Twitter on Friday that these were “riskier times” and the economy “may still be soft landing”.
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