Bloomberg/Sridhar Natarajan/6-2-2022
“A top Goldman Sachs Group Inc. executive echoed Jamie Dimon’s pessimistic tone, warning of tougher times ahead amid a string of shocks rattling the global economy. ‘This is among — if not the most — complex, dynamic environments I’ve ever seen in my career,’ Goldman President John Waldron said at an investor conference Thursday. ‘The confluence of the number of shocks to the system to me is unprecedented.’”
USAGOLD note: The warnings from both Waldron and Dimon are an extension of the deep changes in market psychology among heavyweight investors we chronicled in the headline article for the May issue of News & Views.
The Great Financial Shock of 2022
Today’s headlines serve as a constant reminder of why we own gold.
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