According to Goldman Sachs CEO Lloyd Blankfein, a recession is “not baked in the cake,” and there is a “narrow route” to prevent it. “There’s an imbalance, too much demand,” the former Goldman CEO explained.
You have to slow down the economy. And so they’re going to have to raise rates. They’re going to have to curtail, hopefully reduce the number of positions that are unopened because they- and increase the size of the labor force.