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Goldman Sachs executive predicts trouble for economy in short term
Tuesday, June 12, 2012
In a recent interview with MSNBC, Lloyd Blankfein, the chief executive officer of Goldman Sachs Group, predicts the U.S. economy may tumble further over the next few months.
Blankfein maintains that the economy will struggle due in part to some business owners deciding to wait on the results of the upcoming national presidential election before deciding on making certain investments.
“I think we’re in a tough position for the next three or four or five months,” Blankfein told the news source. “There’s a lot of uncertainty.”
He added that it is going to be extremely important to wait because investing is greatly affected by tax laws, and a change in the presidency could affect these business owners' taxes.
In a recent interview with CNNMoney, Warren Buffett, a billionaire and the chairman and chief executive officer at investment firm Berkshire Hathaway, said it is unlikely the economy will suffer by another recession, but did not comment on what factor the presidential election will have on the economy in the short term.
Potential investors can still take advantage of the stock market and online investment opportunities as well as diversify their financial portfolio.
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