NoFluffBizRants

This website is used for posting daily business rants about the global economy, encouraging a political tailspin to each opinion. All points of view are welcome and will not be controlled by a moderator’s point of view. The blog supports business points of view from the Right (Conservative), Left (Liberal) and Independent political paradigms allowing guest authors to express their opinions regarding a potential upcoming recession.

Do you have a business rant you want to post to post on our blog?

Visit https://www.apptouri.com to complete the User form to request a Wordpress user.

The authors of this blog vehemently predict a recession coming in 2026, and spiralling downwards in the months, quarters and years to follow. We request our authors to articulate their economic predictions backed by objective, factual events or statements. If you are interested in posting your economic political point of view to this site, please contact AppTouri.

Goldman CEO gets it wrong!

Written by

whitestginsberg

in

Last week the CEO of Goldman Sachs stated the economy is “still in pretty good shape” and appears poised to accelerate into 2026.

Let’s revisit these numbers at the end of 2025 on 12/31/2025 to understand how David Solomon got it wrong.

GDP- 3.8%

https://www.bea.gov/news/2025/gross-domestic-product-2nd-quarter-2025-third-estimate-gdp-industry-corporate-profits

Unemployment Rate-4.3%

****Watch the impact of machines replacing humans will have on the Unemployment rate****

Stock Indexes:

DOW- 46,758

Nasdaq – 22,780

S&P – 6,715

The real question is: Why did David Solomon get it wrong?

He knows the truth, specifically where the economy is heading as can be seen with this comment:

“I wouldn’t be surprised if in the next 12 to 24 months, we see a drawdown with respect to equity markets … I think that there will be a lot of capital that’s deployed that will turn out to not deliver returns, and when that happens, people won’t feel good.”

So why did David Solomon get it wrong?

Answer: The hedge funds are lining up their own funds to take short positions in the market and make a pile of cash.

Comments

Leave a comment

More posts