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Goldman’s Lloyd Blankfein: ‘The odds of a bad outcome have gone up’

CNN’s Christine Romans, in an interview airing on Wednesday, asked Goldman Sachs CEO Lloyd Blankfein, “what could possibly go wrong” in this roaring economy? His answer should send shivers through the investor community:. For one moment, we were all Christine Romans when she replied, “yeah, that’s not what I want to hear.”

“The odds of a bad outcome have gone up,” he said, explaining that the economy was already growing nicely before the $1.5 trillion in tax cuts, $300 billion of additional spending, and now, the proposed a $200 billion infrastructure package. “Don’t forget, all of these deficits have to be paid for,” and all this stimulus could be “too much of a good thing,” he said.


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