Podcast · 80 episodes
Exchanges, page 2
by Goldman Sachs · English
In each episode of "Exchanges," people from the firm share their insights on developments shaping industries, markets and the global economy.
All episodes, page 2
Innovation and Inflation: Twin Forces Reshaping PortfoliosHow “innovation vs inflation” and a stagflationary/rate shock environment have broken traditional 60/40 diversification, with tactical opportunities amid fast-moving markets and geopolitical risk…13 May 2026 · 20 min · 8 chapters
Cracks in Private CreditPrivate credit’s post-2011 “gold rush” growth is facing redemption pressure and headline defaults, with special concern about software exposure vulnerable to AI disruption.11 May 2026 · 25 min · 11 chapters
Will AI Make Markets Less Efficient?Whether AI (especially large language models) will make financial markets more efficient or less efficient, and how it changes quantitative investing and information gathering.6 May 2026 · 19 min · 13 chapters
How Warsh Could Shape Fed PolicyKevin Warsh’s confirmation as the next Fed chair and how his views could shape Fed policy, communications, the balance sheet, and market expectations amid current inflation pressures and a cooling…28 Apr 2026 · 16 min · 6 chapters
Farallon Capital's Nicolas Giauque on Investing for the Long TermFarallon Capital’s long-term investing approach, risk management, and opportunity set in a volatile, geopolitically tense market, with emphasis on idiosyncratic (company-specific) risk and…22 Apr 2026 · 20 min · 10 chapters
Apollo's Jim Zelter on the Future of Private CreditApollo Global Management President Jim Zelter discusses AI-driven capital expenditure needs (data centers, energy transition, infrastructure), the future of private credit, and where risk is…16 Apr 2026 · 38 min · 19 chapters
Why Aren’t Investors More Worried?How markets (S&P 500, oil, rates, FX) are pricing the Iran crisis after an Iran ceasefire and then a U.S. blockade of the Strait of Hormuz, and what investors should do amid lingering tail risks.14 Apr 2026 · 20 min · 9 chapters
Natural Gas in Focus: Iran Conflict Could Have ‘Very Painful’ ConsequencesHow the Iran conflict and reported attacks on Qatari LNG infrastructure could trigger a natural gas shock, with potentially “very painful” consequences driven by winter seasonality, tight storage…7 Apr 2026 · 16 min · 6 chapters
AI Exchanges: Power Problems?AI data-center power buildout and whether supply will keep up, focusing on demand growth, constraints, and energy sourcing.2 Apr 2026 · 20 min · 9 chapters
The Business Builder: New Mountain Capital's Steve KlinskySteve Klinsky, founder/CEO of New Mountain Capital (about $60B AUM), explains how private equity has evolved from debt-driven LBOs to “business building,” how New Mountain selects sectors and CEOs,…31 Mar 2026 · 35 min · 21 chapters
Iran Conflict: How Long, and How Bad?The Iran conflict’s likely duration and severity, and what it would take to restore global energy flows, especially through the Strait of Hormuz.27 Mar 2026 · 20 min · 8 chapters
Private Credit Concerns in ContextThe episode addresses why private credit sentiment has turned bearish—claims of weaker underwriting, heavy exposure to software vulnerable to AI disruption, and liquidity/redemption stress in retail…23 Mar 2026 · 31 min · 10 chapters
Lloyd Blankfein on His Memoir Streetwise, Risk Management and LeadershipLloyd Blankfein on His Memoir Streetwise, Risk Management and Leadership20 Mar 2026 · 31 min · 13 chapters
Emerging Markets: Stirred, But Not Yet ShakenKamakshya Trivedi, Chief Foreign Exchange and Emerging Market Strategist at Goldman Sachs Research18 Mar 2026 · 15 min · 5 chapters
Goldman Sachs International’s Co-CEOs on Europe’s Opportunity, AI, and Market VolatilityGoldman Sachs International’s Co-CEOs on Europe’s Opportunity, AI, and Market Volatility16 Mar 2026 · 27 min · 11 chapters
Can Software Survive AI?Insights on developments shaping industries, markets, and the global economy.10 Mar 2026 · 15 min · 4 chapters
Oil Market Impacts from IranDaan Struyven, Co-head of Global Commodities Research and Head of Oil Research, Goldman Sachs Research2 Mar 2026 · 13 min · 6 chapters
Why Japanese Stocks Could Keep RallyingWhy Japanese Stocks Could Keep Rallying24 Feb 2026 · 18 min · 8 chapters
The New AI TradesGoldman Sachs Research’s Ryan Hammond discusses how AI disruption is causing significant sector rotations while equities continue to rise.17 Feb 2026 · 16 min · 7 chapters
Fundamentals Still Matter: Lone Pine’s David CraverFundamentals Still Matter: Lone Pine’s David Craver12 Feb 2026 · 24 min · 12 chapters
‘Affordability’: Consumer Concerns and Government Proposals‘Affordability’: Consumer Concerns and Government Proposals10 Feb 2026 · 23 min · 8 chapters
Implications of an “Americas First” Foreign PolicyImplications of an “Americas First” Foreign Policy3 Feb 2026 · 27 min · 12 chapters
Will US Stocks Outperform in 2026?Will US Stocks Outperform in 2026?27 Jan 2026 · 21 min · 8 chapters
Goldman Sachs Chairman and CEO David Solomon on AI, M&A, and MarketsGoldman Sachs Chairman and CEO David Solomon on AI, M&A, and Markets23 Jan 2026 · 21 min · 11 chapters