Robert Rubin, who served as Treasury Secretary for Bill Clinton and was former co-chairman of Goldman Sachs, thinks US long-term economic growth of even 3% would be a stretch.
(BTW, he’s the person on the left of this Time Magazine cover)
And he believes that President Trump’s economic agenda consisting of imposing tariffs, ramping up infrastructure spending with no increase in federal taxes, and slashing regulations will hurt long-term economic growth.
While we will dig into lots of fintech disruption and technology trends courtesy of Goldman Sachs and a whole bunch of fintech unicorns, I’m excited for our conversation on broader economic trends with Robert Rubin at The Future of Fintech. Whether you agree with his views on the economy or not, his perspective on where he sees the economy and regulation going will be telling.
Use the code savetheworld for $1500 off.
Prices go up by $1000 on Memorial Day (Monday, May 29th).
In early April, the below slide by Santander leaked highlighting the profit at risk in the money transfer business as the result of Transferwise.
It was a clear illustration that the incumbents are starting to poop in their pants.
Then earlier this week, Transferwise announced their “borderless account,” a new type of banking account aimed at freelancers & small businesses who do business across borders or in multiple currencies.
Is your bank ready for insurgents like Transferwise?