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"There is a lot of pent-up demand," economists and policymakers are too negative on the economy,...
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Wednesday, April 25, 2012, 11:57 AM ET"There is a lot of pent-up demand," economists and policymakers are too negative on the economy, says Lloyd Blankfein. The "big risk is that things go right" with the global economy. TLT +26%, TBT -49% Y/Y.
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He's also right in his belief the big risk is that things go right. That will mean he and his ilk will be riding a greased rail in a black feather suit.
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The best Blankfein could do is keep quiet and only speak when he resigns.
Blankfein's "big risk" is that his cronies in government won't have the political confidence to bail out his company during the Euro-breakup global bank panic.