Latest Interviews
Showing 166–180 of 212 transcripts.
Clear all filters- Goldman Sachs22 min
The Next Tech Battleground: Online Gaming & the Metaverse
Jung Min, Alison Nathan, Zhang Min
The global gaming industry has matured into a $200 billion sector driven by live operations and recurring revenue, prompting a wave of strategic mergers and acquisitions to diversify portfolios and secure market dominance. Major technology leaders like Microsoft and Tencent are now allocating significant capital to gaming as a foundational pathway for the metaverse and Web 3.0, viewing the sector as a critical incubator for future digital infrastructure. This ongoing platform shift, which mirrors the transition from desktop to mobile, is projected to create new monetization models and drive substantial global economic growth over the next decade.
- Goldman Sachs22 min
Piloting Through: Why Investors Should Stay the Course
Sharmin Mossavar-Rahmani, Allison Nathan
Goldman Sachs' Investment Strategy Group, led by Chief Investment Officer Sharmeen Masavaramani, maintains a "stay invested" stance on U.S. equities for 2022, forecasting a 6% to 12% total return despite valuations in the 10th decile. The firm projects robust U.S. economic growth of 3.5% to 4.0% and 12% earnings expansion, suggesting that the current equity risk premium remains attractive relative to fixed income even as the Federal Reserve implements three to four interest rate hikes. While acknowledging volatility risks such as geopolitical shocks and persistent inflation, the group advises slowly adding to equity positions and maintains a strategic overweight to U.S. stocks over international markets based on superior historical earnings performance.
- Goldman Sachs22 min
What India’s Digital Transformation Means for Markets, Investors and Economic Growth
Tim Moe, Sunil Koul, Santanu Sengupta, Allison Nathan
Presented by Goldman Sachs, the 2022 session forecasts India's GDP growth at 9.1% while warning that equities trade at historically high valuations necessitating a three-rate hike trajectory by the Reserve Bank of India. Analysts highlight a structural shift where the "new economy" sector's weight in indices could surge to 15–16%, mirroring China's past decade of wealth creation despite near-term headwinds from inflation and a robust IPO pipeline. The discussion concludes by outlining key risks related to balance of payments and wage inflation that could complicate monetary normalization as the region pursues this digital transformation.
- The Economist25 min
Why it's harder to earn more than your parents | The Economist
Sophie Pender, Mohsin Ismail, Kavika Smith, Christine, Novelette, Sally Grantham-McGregor, Dawn, Idrees Kahloun
Declining social mobility in the US and UK, driven by rising inequality and educational barriers, has prompted researchers to identify geographic location, early childhood interventions, and state school networks like the "93% Club" as critical levers for reform. Comparative data highlights that while legacy admissions and wealth bias stifle progress in American universities, programs relocating families to high-opportunity areas and reducing SAT reliance have demonstrably increased long-term earnings and tax revenues. These findings suggest that structural changes to education and neighborhood composition offer a fiscally sustainable path to reversing intergenerational income stagnation.
- Goldman Sachs30 min
Rick Rieder, CIO of Global Fixed Income, BlackRock and Jan Hatzius, Chief Economist, Goldman Sachs
Rick Rieder, Jan Hatzius, Tony Pasquariello
Goldman Sachs Chief Economist Jan Hatzius and BlackRock's Rick Reeder debate the trajectory of U.S. inflation, with Hatzius forecasting a return to 2% by next year while Reeder warns of structural stickiness driven by wage pressures and corporate pricing power. The panelists assess the sustainability of current U.S. debt levels through low real interest rates and critique past fiscal interventions, noting that the 2021 American Rescue Plan was larger than necessary compared to the decisive pandemic response. Shifting to investment strategy, Reeder advocates for growth equities and European credit, whereas Hatzius emphasizes evolving forecast models that prioritize probability distributions over single-point predictions to navigate the current economic regime.
- Goldman Sachs21 min
Outlook for Global Growth: Less Synchronized, More Complicated
Federal Reserve Chair Jerome Powell signaled a November 2021 announcement for asset purchase tapering while Goldman Sachs lowered its 2021 U.S. GDP growth forecast to 6% amid rising virus cases and global supply chain disruptions. Despite revising core PCE inflation expectations upward to 3.75% for the current year, the central bank anticipates the spike will remain temporary and defer rate hikes until potentially mid-2023. This cautious stance aims to balance the risk of new viral variants and the expiration of unemployment benefits, which together are expected to drive approximately 1.5 million additional jobs by late 2021.
- Goldman Sachs27 min
How Are Investors Navigating China’s Regulatory Uncertainty?
Stephanie Hui, Basak Yavuz, Prakriti Sofat, Alison Nathan
Amidst rapid regulatory shifts in China's ed-tech, cybersecurity, and antitrust sectors, Goldman Sachs advocates a neutral to overweight stance on Chinese equities while targeting decarbonization and self-sufficiency themes. Private market investors are reorienting capital toward sustainable business models and ESG-aligned "S" factors, viewing recent valuation corrections as a strategic opportunity rather than a fundamental departure. Although volatility has pressured specific property and technology segments, the broader consensus points to a structural realignment favoring companies demonstrating societal benefit and long-term resilience.
- Goldman Sachs27 min
The Future of ‘Femtech’
Ann Roberts, Lea von Bidder, Dr. Peter Kecskemethy, Antonia Riera, Allison Nathan, Leah Von Bitter
Flow Health CEO Anne Roberts, Ava co-founder Leah Von Bitter, and Chiron Medical founder Peter Ketch-Kometi led a strategic discussion on defining the Femtech sector through evidence-based science and rigorous regulation rather than consumer tech labels. The panelists detailed how their respective companies are leveraging machine learning and wearable physiology data to achieve massive scale, with Flow Health reporting 107% revenue growth and Ava successfully pivoting its algorithms for early COVID detection. While acknowledging the sector's unique capital challenges compared to fintech, the founders outlined future roadmaps focused on expanding product portfolios into menopause and contraception while pushing for AI-driven regulatory frameworks to enable broader clinical adoption.
- Goldman Sachs27 min
Crypto: A New Asset Class?
Allison Nathan, Michael Novogratz, Nouriel Roubini, Mathew McDermott, Mike Novogratz
Galaxy Digital CEO Mike Novogratz and Goldman Sachs representatives argue that cryptocurrency is transitioning into a recognized asset class driven by institutional infrastructure and a sophisticated investor base, with Bitcoin serving primarily as a digital store of value while stablecoins and Ethereum facilitate payments and DeFi. Conversely, NYU Professor Nouriel Roubini rejects the classification of crypto as currency or a reliable inflation hedge, citing its high volatility, lack of fundamental value drivers, and failure to solve trust issues compared to traditional finance. Despite this regulatory and philosophical divergence, market participants acknowledge a symbiotic relationship is forming where traditional banks are integrating digital assets to meet client demand for diversification and portfolio efficiency.
- Goldman Sachs26 min
Reflation Risk
Allison Nathan, Jan Hatzius, Dominic Wilson
Former Treasury Secretary Larry Summers and Goldman Sachs' Jan Hatzius debated whether U.S. fiscal stimulus will trigger a 1970s-style inflationary spiral, with Hatzius arguing that a 6% output gap and temporary spending measures justify the Federal Reserve's tolerance for average inflation targeting. While bond market strategist Dominic Wilson noted that recent yield increases reflect growth acceleration rather than policy surprises, the consensus suggests a rotation into cyclical assets as investors anticipate Fed rate hikes beginning in early 2022. Goldman Sachs projects tapering in early 2022 with a first rate hike in 2024, advising investors to favor cyclical equities and non-gold commodities over rate-sensitive growth stocks during this transition.
- Goldman Sachs33 min
The Case for Investing in Black Women
Gizelle George-Joseph, David Solomon, Margaret Anadu, Melissa Bradley, Jake Seward
Goldman Sachs launched the "One Million Black Women" initiative, a three-part program led by CEO David Solomon and Global Head of Sustainability Margaret Anadu to address the $300 billion annual GDP loss stemming from the 90% wealth gap between Black and white women. Centered on research by Giselle George-Joseph and guidance from an advisory council including Melissa Bradley, the investment strategy targets structural barriers in education, capital access, and healthcare to boost Black entrepreneurship and community resilience. By leveraging the firm's Urban Investment Group experience, the initiative uniquely integrates support for Black women as mothers, professionals, and homeowners to drive post-pandemic economic recovery.
- Goldman Sachs27 min
The Short and Long of Recent Volatility
Allison Nathan, Arthur Levitt, Owen Lamont, Kevin Kelly
In late January 2021, a convergence of retail coordination and stretched hedge fund short positions triggered a volatile "flash mob" short squeeze that erased 5.9% of long-short fund assets despite negligible leverage pressures. While Goldman Sachs and Wellington Management experts attributed the crisis to a crowdsourced gamma squeeze and sentiment-driven pricing, the event highlighted emerging market fragility where prices increasingly divorced from fundamental value. Regulators and industry leaders subsequently emphasized the need for greater transparency in broker incentives and investor education to mitigate future episodes of extreme volatility and liquidity disconnection.
- Goldman Sachs26 min
How Healthcare CIOs Are Investing Capital Through a Public Health Crisis
Paget MacColl, Stefan Strein, Jake Seward
Recorded on February 16, 2021, Goldman Sachs Asset Management's Paget McCall and Cleveland Clinic CIO Stefan Strein discussed how non-profit health systems navigated 2020 pandemic volatility through strategic liquidity management and accelerated AI adoption. The dialogue highlighted the clinic's $100 billion investment portfolio, which supported global expansion and $1.16 billion in community benefit spending while shifting toward lower-return expectations and enhanced ESG integration. Participants emphasized the critical role of cognitive diversity and specialized technology deployment in sustaining mission-driven outcomes amidst near-zero interest rates and operational uncertainty.
- Goldman Sachs24 min
Special Episode: The Rise of Retail Investing and Its Impact Across Market Participants
Raj Mahajan, John Marshall, Lizzie Reed, Greg Tuorto, Jake Seward
In early February 2021, a record-breaking surge in retail trading volume reached 24 billion shares as stimulus checks and zero-commission platforms drove participation to 25% of U.S. equity value. This shift toward speculative single-name stocks and options created significant volatility, forcing hedge funds to confront unprecedented short squeezes while compelling institutional investors to adapt risk models to account for coordinated retail activity. Despite these structural challenges, the heightened demand supported a historic $129 billion in global equity issuance, with Goldman Sachs projecting that retail sentiment will remain a critical determinant for future market performance and corporate capital raising.
- The Economist21 min
How can business survive climate change?
Lisa McKellie, Dan Petroski, Rich Sorkin, Gavin Schmidt, Chidiote Obihara, Nicolette Bartlett, Christopher Vanden Riche, Guy Scriven
Corporate leaders face escalating physical risks and mandatory litigation as climate change drives trillion-dollar asset threats while regulators shift from voluntary to enforced emissions reductions. Major enterprises like Microsoft, Amazon, and Ørsted are responding with accelerated decarbonization strategies and supply chain transparency to secure market value and avoid financial obsolescence. Experts warn that failing to adopt green technologies and disclose carbon footprints now will result in stranded assets and catastrophic economic loss as the window for effective adaptation rapidly closes.