Goldman Sachs CEO Lloyd Blankfein Expects M&A to Grow

Lloyd Blankfein discusses the prolonged economic cycle due to low interest rates and the potential for growth through fiscal and monetary policies. He highlights optimism in investment banking, particularly in M&A activities, and identifies industries ripe for consolidation. Goldman Sachs has reduced costs by hiring younger staff and relocating to low-cost areas, while emphasizing its transformation into a technology firm. Global issues like Brexit and job displacement are also addressed, with a focus on the importance of technology in the economy.

What is Lloyd Blankfein's view on the current economic cycle and interest rates?

• Interest rates have no impact on the economic cycle.

• The cycle is unaffected by central bank policies.

• The cycle will end soon due to high interest rates.

• The cycle will last longer due to zero or negative interest rates.

Which industries does Lloyd Blankfein see as ripe for consolidation?

• Retail and fashion

• Industrials and energy

• Automotive and aerospace

• Technology and healthcare

How has Goldman Sachs managed to cut costs while increasing headcount?

• By hiring younger and more junior employees

• By outsourcing all operations

• By closing several offices worldwide

• By reducing salaries of senior employees

What strategic shift has Goldman Sachs made according to Lloyd Blankfein?

• Reducing investment in technology

• Focusing more on traditional banking

• Becoming a technology-focused firm

• Expanding into retail banking

What global issues are highlighted as generating unease in the markets?

• Space exploration and technology

• Global tourism and travel

• Climate change and global warming

• Brexit and China's economic growth