Wall Street aims to pour more money into Big Tech despite the Iran War’s strain on global markets.
Goldman Sachs CEO David Solomon told the Economic Club of New York that he sees “more greed than there is fear” in the markets, the Financial Times (FT) reportedWednesday. Solomon’s remarks come amid sustained inflation and rising gas prices.
“I know when I say it, it will get quoted. But I think it’s definitely true and something for us to reflect on. We are definitely at a moment where there’s more greed than there is fear,” he reportedly said. “That’s one of the reasons why people that need this capital are coming to the markets. Because the capital’s available.”
Solomon also predicted that the U.S. will have a “very, very productive economy” with low unemployment in the next decade as AI advances, according to FT. Solomon did warn that the markets’ moods “can turn into fear very quickly.”
A Goldman Sachs spokesperson directed the Daily Caller News Foundation to Solomon’s full statement, which can be watched here.
