Goldman's Solomon: Undoing 40 years of 'nationalized fixed income' disruptive

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DUBAI (Reuters) – Goldman Sachs (NYSE:GS) CEO David Solomon said on Tuesday the world “nationalized fixed income markets” for 40 years and is in the process of privatizing them again, which “is disruptive.”

“If we have a significant recession in the U.S. or elsewhere in the world, we will work through that,” but it will take a variety of decisions and time to work through, he said, speaking on a panel at Saudi Arabia’s flagship investment conference FII.