Henry Paulson
Henry Paulson
Henry "Hank" Merritt Paulson, Jr.is an American banker who served as the 74th Secretary of the Treasury. He had served as the Chairman and Chief Executive Officer of Goldman Sachs, and is now a fellow at the Harris School of Public Policy Studies and the chairman of the Paulson Institute at the University of Chicago, which he founded in 2011 to promote sustainable economic growth and a cleaner environment around the world, with an initial focus on the United States...
NationalityAmerican
ProfessionPolitician
Date of Birth28 March 1946
CityPalm Beach, FL
CountryUnited States of America
We are very confident about the long-term outlook for our business, but believe that the immediate impact will be a further weakening in the operating environment and a delay in the economic recovery, ... However, given increased fiscal and monetary stimulus, we anticipate that long-term economic recovery should be more certain and vigorous than previously expected.
Weakness in the capital markets, compounded by an erosion of corporate and investor confidence, has depressed activity in a number of our most important businesses, ... While we have seen some encouraging economic data of late, the current environment remains very challenging.
As a public company, Goldman Sachs will have the financial strength and strategic flexibility to continue to serve our clients effectively as well as to respond thoughtfully to the business and competitive environment over the long term.
Looking ahead, while we remain cautious about the near-term operating environment, we are confident in the strength of our franchise and the firm's longer-term growth prospects,
I think all of us know that what we went through in the last half of the Nineties is not sustainable. We're going to need to adjust ourselves to a period of more normal growth. How we think about managing our businesses in that environment is the tricky question we're all grappling with.
Every global concern - economic, environmental or security-related - can be addressed more effectively when the U.S. and China work together.
During the third quarter, we saw increasing activity levels across all of our major businesses and believe overall market conditions support a generally optimistic outlook.
I've never been antiregulation. I've always believed that raw, unregulated capitalism doesn't work.
A state-based regulatory system is quite burdensome. It allows price controls to create market distortions. It can hinder development of national products and can directly impact the competitiveness of U.S. insurers.
As I talk with the Chinese on currency, I encourage them to move much more quickly with opening up their capital markets to competition, because I don't believe the world is going to give them as much time as they would like.
We don't have a lot more time to deal with climate change, ... We need the right balance between regulation and market-based approaches.
We've had crooks from the beginning of time... it's always very interesting and troubling why good people do bad things.
While we know that we cannot expect to achieve these results every quarter, we continue to see attractive opportunities.
U.S. exports to China have more than quintupled since China entered the WTO and have grown more quickly than imports. In fact, China is America's fastest-growing export market.