The David Rubenstein Show David Solomon
Nov 6, 2025
David Solomon, the Chairman and CEO of Goldman Sachs, shares insights on the U.S. economy and the pressing $38 trillion debt issue, warning of a potential reckoning ahead. He perceives a low recession risk shortly and emphasizes AI's role as a growth catalyst, albeit with caution on possible bubbles. Solomon discusses the dollar's resilience as the global reserve currency and highlights the significance of blockchain while remaining skeptical about Bitcoin's long-term value. He also reflects on workplace flexibility post-COVID and the importance of mentorship in leadership.
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Episode notes
Shutdowns Begin Harming The Economy
- Government shutdowns start to filter through the economy and can create measurable impacts as they extend.
- Solomon expresses concern that prolonged shutdowns are economically harmful.
Near-Term Recession Risk Is Low
- Solomon sees more tailwinds than headwinds now and judges near-term recession risk as low.
- He cites fiscal stimulus, AI infrastructure spending, and clearer regulatory approach as growth supports.
Tech Booms Bring Winners And Losers
- Accelerations in technology attract big capital flows and won't follow a straight line.
- Solomon warns many investments will fail while winners will emerge across the AI wave.