Goldman’s Waldron Cautions on Fallout From Credit ‘Explosion’
John Waldron during the 2025 IIF annual membership meeting in Washington on Oct. 15.
Photographer: Aaron Schwartz/BloombergGoldman Sachs Group Inc. President John Waldron said there’s been an explosion in the growth of credit over the past decade — and that the fallout if things go south won’t be pretty.
The executive pointed to the roughly $5 trillion of borrowings extended across high-yield bonds, leveraged loans and private credit — with the latter driving most of the growth.