From FT Alphaville:
Alphaville put the headline in all caps and made sure to state the source i.e. "big news if true but we didn't say it."
Can this be right? A Goldman executive who’s not bullish?
According to Reuters it is.
TEL AVIV, June 10 (Reuters) - Goldman Sachs CEO Lloyd Blankfein said on Wednesday he believed a current upturn in world markets was probably not a full recovery from crisis and said he expected a further long recession.
“I think it’s going to be a long proctracted recession,” he told an international regulators conference in Tel Aviv.
Addressing a current upturn in markets, he said: “There is no reason to think this is it … So many things have to be sorted out. Why would this be the recovery?
“The chances are it’s not."