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Goldman Sachs CEO Jokes: U.S. Recession Risk May Depend on a Single Tweet
On April 21, Goldman Sachs CEO David Solomon stated in an interview that the increase or decrease in the risk of a U.S. recession could be triggered by “just one tweet.” He also mentioned that current predictions regarding a recession remain relatively optimistic. His comments highlight a broader trend in financial markets, where statements made by Trump on social media can lead to significant market fluctuations. Last week, he issued a statement regarding Iran’s agreement to never close the Strait of Hormuz (though this statement has not been confirmed by Iran), which resulted in a rise in the stock market and a drop in oil prices. A Goldman Sachs spokesperson, Tony Fratto, remarked, “Anyone who watched the interview could clearly see that David was obviously joking.”