Latest Interviews
Showing 46–60 of 64 transcripts.
Clear all filters- Goldman Sachs23 min
Amid rising inflation and slowing growth, how is the U.S. consumer faring?
David Mericle, Kate McShane, Eric Sheridan, Allison Nathan
Goldman Sachs economists project U.S. consumption growth will stabilize near 1% in late 2022 and 2023 as falling household wealth and the expiration of pandemic stimulus offset modest gains in real disposable income. While retail growth remains price-driven with consumers prioritizing essential goods over big-ticket items, the technology sector faces a shift toward lower single-digit growth rates focused on free cash flow visibility. Looking ahead, industry participants anticipate normalized supply chains and a balanced mix of unit and price growth in 2023, though retailers must manage elevated inventory levels through targeted promotions to offset slowing demand.
- Goldman Sachs47 min
Investing with Altimeter Capital’s Brad Gerstner
Brad Gerstner, Katie Koch, Alison Nathan
Altimeter Capital founder Brad Gerstner forecasts a deep global recession followed by a deflationary shift, positioning the current market dislocation as a historic buying opportunity for high-quality private and public technology assets. He outlines a concentrated investment strategy that prioritizes secular AI and data trends over cyclical volatility, specifically highlighting undervalued opportunities in Meta, Snowflake, and the broader enterprise cloud migration. Beyond portfolio performance, Gerstner advocates for structural wealth inequality solutions through the "Invest America" initiative, which proposes universal investment accounts to democratize ownership of the American economy.
- Goldman Sachs27 min
Investing with Advent International’s Tricia Glynn
Tricia Glynn, Alison Mass, Alison Nathan
Advent International's Tricia Glynn outlines a strategy for navigating a volatile macroeconomic landscape by prioritizing governance, downside control, and data-driven insights to drive growth at scale. The firm leverages its global network to advance decarbonization efforts and transfer cross-border technologies like live selling while championing aggressive Diversity, Equity, and Inclusion goals for 2030. Glynn concludes that future investment success will depend on balancing rigorous analytics with human-centric leadership to attract top talent in a transformed labor market.
- Goldman Sachs31 min
A ‘Seismic’ Shift in Private Markets
Goldman Sachs co-president Mike Kester outlines a private market sector growing to $10 trillion that is undergoing a seismic shift toward individual investor participation while navigating a fundraising slowdown driven by the denominator effect. Despite regulatory pressures and a transition away from financial engineering toward active operational management, the industry continues to deliver consistent excess returns and is prioritizing sectors like infrastructure and life sciences. Kester projects that while capital raising will decelerate and valuation reporting standards will tighten, systemic risk remains low due to the pre-syndication of risk to long-term limited partners.
- Goldman Sachs20 min
Crypto Volatility: What’s the Outlook for Digital Assets?
Mathew McDermott, Allison Nathan
Hosted by Goldman Sachs between May 3 and May 16, 2022, this discussion analyzes the 30% year-to-date decline in Bitcoin and the TerraUSD collapse as catalysts that distinguished algorithmic risks from asset-backed stability within the evolving digital asset ecosystem. The speakers detail how institutional adoption is accelerating through volatility-focused strategies and regulatory frameworks like the US executive order, while blockchain innovations such as the European Investment Bank's tokenized debt issuance demonstrate T+1 settlement efficiency. Furthermore, the dialogue explores the future trajectory of synthetic CBDCs and retail versus wholesale Central Bank Digital Currencies across 87 countries, projecting a market normalization that balances high venture valuations against the structural benefits of on-chain transparency.
- Goldman Sachs25 min
Europe’s Digital Economy: What’s Driving Europe’s Tech Acceleration
Lisa Yang, Alexander Duval, Alison Nathan
Driven by supportive policies and pandemic-induced acceleration, Europe's digital economy has doubled its number of tech unicorns and tripled venture capital funding to nearly $92 billion while legacy firms like L'Oréal and SAP pivot to Direct-to-Consumer strategies. Amidst a significant correction in public markets, investor focus has shifted toward profitability, yet private valuations remain robust for early-stage companies as the European Chips Act mobilizes €40 billion to address semiconductor bottlenecks. With geopolitical tensions reshaping supply chain priorities and niche sectors like online education showing low penetration, the region continues to leverage its global leadership in hardware and B2B verticals to capture substantial future growth.
- Goldman Sachs30 min
Investing in Climate Change 2.0
Mark Carney, Chris James, Alison Nathan, Evie Hambro, Caspar Lorenzen, Jeff Curry
Leading financial institutions and investors, including Mark Carney, Engine No. 1, and BlackRock, are deploying a strategy of active engagement to steer $130 trillion in assets toward a net-zero future, effectively challenging high-emitting industries like ExxonMobil through proxy campaigns and portfolio adjustments. This approach asserts that climate action aligns with fiduciary duty by mitigating long-term risks and capitalizing on market shifts, while experts like Goldman Sachs' Jeff Curry emphasize that private sector efforts alone are insufficient without government-mandated carbon pricing and standardized disclosure frameworks. Ultimately, achieving the required $4 trillion annual climate investment by 2050 depends on a hybrid model where voluntary decarbonization plans are reinforced by binding public policies to ensure efficient capital allocation and affordable energy transitions.
- Goldman Sachs17 min
Redefining the Retirement Landscape
Goldman Sachs Asset Management conducted its inaugural retirement survey of over 1,200 participants to contrast the financial hurdles and retirement timing of workers against those of retirees, revealing that health issues and job losses frequently force early departures for retirees while inflation and debt constrain current savings. The data highlights significant demographic disparities, noting that women often retire earlier than planned and feel less secure in their savings than men, whereas younger generations display optimistic yet unrealistic expectations regarding income replacement and retirement ages. In response to these findings and a shifting employment landscape, employers are increasingly transitioning from standalone 401(k) plans to comprehensive retirement programs that integrate financial wellness tools, student loan assistance, and lifetime income vehicles to address systemic gaps and retain talent.
- Goldman Sachs25 min
Inflation: Here Today, Gone Tomorrow?
Allison Nathan, Mohamed El-Erian, Jan Hatzius
Prominent economists Mohamed El-Erian and Jan Hatzius debate whether the current U.S. inflation surge is a transient phenomenon driven by commodity spikes or a persistent structural deficit caused by labor force changes and supply chain rewiring. While Hatzius anticipates inflation will normalize to a 2% to 2.5% range following a mid-June taper, El-Erian warns that the Federal Reserve risks a Type 2 error by underreacting to secular trends, potentially forcing a sharper policy correction later. The dialogue further highlights diverging views on labor market tightness and market valuations, with El-Erian cautioning that distorted liquidity has created a "rational bubble" that could collapse if inflation expectations de-anchor.
- Goldman Sachs24 min
An Evolution in the Cybersecurity Landscape
Matthew Chung, Wesley Williams, Andy Boura, Allison Nathan, Matt Chung, Wes Williams
Ten years ago defined by competitive secrecy, the financial sector now mandates public-private collaboration through bodies like the FSISAC to combat a 95% phishing breach rate exacerbated by remote work. Security operations have evolved into virtual fusion centers integrating legal and engineering teams that rely on automation to manage daily threats while addressing third-party risks highlighted by recent major incidents. Future strategies anticipate leveraging AI for defense and enhanced legislation, shifting the industry from reactive measures to proactive, layered resilience against increasingly commoditized cyber threats.
- Goldman Sachs16 min
Why Investors Are Shopping for Consumer Retail
Allison Nathan, Jennifer Davis, Vishaal Rana, Jen Davis
Record-breaking $14 billion in 2021 consumer retail IPO issuance, led by Goldman Sachs' $1.8 billion Olaplex deal, has driven 28 new public listings while direct listings and M&A activity continue to surge amid robust post-IPO market performance. Despite near-term headwinds including severe supply chain disruptions, labor shortages, and inflation, the sector is pivoting toward omni-channel strategies and technology-driven brand experiences to navigate shifting consumer preferences. Looking ahead, Goldman Sachs forecasts sustained growth in the sector through 2022 and beyond, driven by megatrends such as digitization, health and wellness, and ESG integration, even as macroeconomic volatility persists.
- Goldman Sachs25 min
Europe at a Crossroads
Allison Nathan, Jari Stehn, Otmar Issing, Romano Prodi, Timothy Garton Ash
Over the last 18 months, the European Union has executed a historic fiscal shift by suspending stability rules and issuing €800 billion in common debt through the Next Generation EU fund to transfer resources from stronger to weaker member states. While this expansionary strategy, supported by the European Central Bank and a new German coalition, introduces a "stick and carrot" reform mechanism, it faces significant hurdles including potential moral hazard, legal challenges to the Maastricht Treaty, and the resilience of nationalist forces. The long-term sustainability of this integration depends on whether the bloc can manage temporary measures, navigate political risks like a potential French populist return, and adapt outdated fiscal criteria to current economic conditions before the recovery fund winds down.
- Goldman Sachs21 min
The Impact of Rising Natural Gas Prices
Damien Courvalin, Allison Nathan, Damian Cuervalin
Record-high natural gas prices in Europe have emerged from a convergence of surging global demand, particularly from China, and severe supply disruptions driven by underinvestment in fossil fuel infrastructure and regulatory issues surrounding Russian exports. This energy tightness, compounded by record-low inventory levels ahead of the winter peak, risks triggering industrial production cuts, accelerating inflation, and reducing economic growth across European economies. Goldman Sachs estimates that sustained price levels could force substitution toward oil, further elevating commodity costs while highlighting the structural dangers of rapid energy transitions without adequate backup capacity.
- Goldman Sachs26 min
The Delta Variant: Implications for Vaccines, Booster Shots and Economic Growth
Terence Flynn, Daan Struyven, Allison Nathan
Global discussions on the Delta variant highlight its heightened transmissibility and the robust protection of mRNA vaccines against severe disease, even as efficacy against mild symptomatic infection varies by region. Industry strategies are shifting toward booster programs for high-risk populations and the development of multivalent vaccines to address waning immunity and emerging threats. Concurrently, economic forecasts have been revised downward due to persistent case spikes in specific regions, supply chain bottlenecks, and consumer risk aversion slowing recovery in the United States and Asia-Pacific.
- 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.