Goldman Sachs(US:GS) Zhi Tong Cai Jing·2025-10-31 04:12Core Viewpoint - Goldman Sachs CEO David Solomon warns that rising debt levels could lead to an economic "cleansing" if U.S. economic growth does not improve [1] Group 1: Economic Concerns - Solomon emphasizes that the path to overcoming current economic challenges lies in growth [1] - He expresses a belief that the likelihood of a recession in the short term is "very low" [1] - There is growing concern in the financial community regarding the debt situation in the U.S. and other developed countries, which has accelerated significantly over the past five years [1] Group 2: Debt-Driven Stimulus Policies - Solomon's comments reflect widespread worries about the increasing reliance on debt-driven stimulus policies in the U.S. and other Western economies, particularly during the pandemic [1] - He notes that fiscal stimulus and aggressive fiscal policies have become deeply embedded in the economic operations of these democracies [1] Group 3: Company Performance and Workforce Changes - Earlier this week, Goldman Sachs reported record third-quarter revenue, benefiting from increased fees from merger activities [1] - The bank has informed its 48,300 employees that it will continue layoffs this year, as the application of artificial intelligence technology enhances operational efficiency [1]