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I smell a crash coming, says former Goldman Sachs boss
Published 02 March 2026 12:49pm GMT
The man who led Goldman Sachs through the 2008 financial crash says he can “smell” a fresh crisis brewing.
Lloyd Blankfein said he saw parallels to the global financial crisis and saw signs the economy was getting closer to a crash.
“I wonder where there’s hidden secret leverage,” he said in an interview with Pablo Salame, Citadel’s co-chief investment officer.
“Now everyone says, ‘Oh, the world’s not leveraged.’ That’s exactly what everybody said in the mortgage crisis until you suddenly discover that there was a lot of mortgage risk in Iceland.”
Snip
https://www.telegraph.co.uk/business/2026/03/02/i-smell-a-crash-coming-goldman-sachs-boss/