Belvedere M. (2015, January 7). Squawk Box. New York, New York. CNBC
Summary:
Lloyd Blankfein: "I would take a lot of risk on the inflation side." , "Sustaining it and trying to recapture the momentum."
The popular opinion is rates should go up. However, I think the Goldman Sach's CEO has a great point about momentum. The Fed has few monetary policy bullets left, and manufacturing a stall in the economy because of interest rate manipulation could be exacerbated by the Fed lacking options to boost the economy.
I believe this perspective on momentum placates a slower rise of interest rates and reduces the urgency to buy homes because the rates might not move quickly.
I like this perspective as its the opposite of a lot the conventional wisdom I hear.
Here are Blankfein's opinion on how Oil impacts other parts of the economy
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