Greed outpacing fear in world markets, Goldman Sachs CEO says – Reuters

Greed outpacing fear in world markets, Goldman Sachs CEO says – Reuters

HONG KONG, Nov 17 (Reuters) - Greed is outpacing fear in world financial markets as investors respond to the pandemic recovery, Goldman Sachs (GS.N) Chief Executive David Solomon says, adding that such periods of exuberance are usually not long-lived.

Solomon told Bloomberg's New Economy Forum in Singapore on Wednesday the global economy was facing a 'complicated time' as activity began to strengthen after the sudden shutdown in many parts of the world in 2020 because of coronavirus.

The unprecedented levels of stimulus ordered by governments and central banks, he said, had led to exuberance in certain markets.