“Lloyd Blankfein is worried that investors think low interest rates will last forever.
Goldman Sachs CEO Lloyd Blankfein, discussing how ‘Cliff’ deal may work.
“One of the big risks that’s looming is complacency. People are once again complacent about the low level of interest rates,” the Goldman Sachs CEO said at the New York Times DealBook conference Wednesday.
As a result, there could be losses for investors with portfolios heavy with low interest loans, Blankfein predicted.”[/quote]
I’ll bet he’s short LT debt obligations. Wouldn’t be the first time that GS did that. Sell the hell out of something, then short it, then bad mouth it. Everyone loses but them. And nobody goes to prison.
