Goldman Sachs says that every one of its private equity clients is preparing for recession
Goldman Sachs' private equity clients are not feeling good about the global economy.
, said that the bank's clients are creating checklists so that they could cope if a recession strikes. View Business Insider's homepage for more stories.According to the bank's chairman of investment banking, Alison Mass,"Every one of our clients is focused on being prepared for a recession."that she was"in Asia earlier this fall and saw the head of a private equity firm that has assets all over the world.
It's a stark warning that a recession could be looming. However, Goldman's own economists aren't anywhere near as bearish:
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