Goldman Sachs Chairman Warns About Possible Recession

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Goldman Sachs Chairman Lloyd Blankfein warned that the risk of the U.S. falling into recession is “very, very high.” “If I were running a big company, I would be very prepared for it,” Blankfein said referring to recession. “If I was a consumer, I’d be prepared for it.” The doom and gloom comes as Americans grapple with surging gasoline, food, and housing prices, as well as a shortage of baby formula.