Coming up next
Whats It Really Like to Be a Goldman Sachs Intern?
Why Does Goldman Sachs President and COO John Waldron View Himself as COO First and President Second?
Goldman Sachs and the 1MDB Scandal
Goldman Sachs CFO Stephen Scherr Recaps the Firms First-Ever Investor Day
Whats on David Solomons Mind as He Enters Year Two as CEO?
Whats Next for the Airline Industry?
The State of Goldman Sachs Small-Business Lending
Markets Update: Latin America
Why Are Savings Rates Back in Focus in the UK?
With Brexit Uncertainty and Sluggish Growth, Where Are European Investors Seeking Value?
How are Carbonomics Reshaping the Energy Industry?
What's Keeping Insurers Up at Night?
The findings of Goldman Sachs Asset Management's (GSAM) annual insurance survey are in, and insurance companies generally believe that US markets are in late stages of the economic cycle. Of the companies surveyed, 84% indicated that the US will see a recession within the next two years, but only 2% think that the recession will come this year, explains GSAM's Mike Siegel. Given these views, along with the current environment of high equity valuations and low bond yields, the key consideration on insurers' minds, Siegel says, is "where to safely deploy their capital in order to get a recent return." <br><br> This podcast was recorded on April 26, 2019. <br><br><i> The views and opinions expressed herein should not be construed as an offer to buy or sell any securities and such views and opinions may differ from those of Goldman Sachs Global Investment Research or other departments or divisions of Goldman Sachs and its affiliates. This information may not be current and Goldman Sachs has no obligation to provide any updates or changes. Neither Goldman Sachs nor any of its affiliates makes any representation or warranty, as to the accuracy or completeness of the statements or any information contained in this podcast and any liability therefore (including in respect of direct, indirect or consequential loss or damage) is expressly disclaimed. Goldman Sachs is not providing any financial, economic, legal, accounting or tax advice in this podcast. In addition, the receipt of this podcast by any listener is not to be taken as constituting the giving of investment advice by any Goldman Sachs entity. The portfolio risk management process includes an effort to monitor and manage risk but does not imply low risk. <br><br> Copyright 2019 Goldman Sachs & Co. LLC. All rights reserved.</i>