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00:00CHAIRMAN SEES, BUT WHAT IF THE THAT THE U.S. ECONOMY EXPECT RIGHT NOW? >> THERE IS CLEARLY A LOT OF JOB CREATION. THERE IS A LOT OF ANGST AMONG PEOPLE THAT WE ARE NOT ADDRESSING BIG ISSUES IMMIGRATION AND TAX POLICY AND GUNS INDUSTRY. THERE ARE WORRISOME THINGS HAPPENING ALL AROUND THE WORLD. MIKE: THE AVERAGE PERSON IS NOT DOING ALL THAT BADLY. IN ALL FAIRNESS TO OBAMA , DURING HIS ADMINISTRATION IN THE LAST FOR YEARS, JOBS HAVE CREATED AND THE JOBLESS RATE IS DOWN. THERE ARE STILL PLENTY OF PEOPLE WHO DO NOT HAVE THE JOBS THEY WANT AND FULL-TIME JOBS AND THAT SORT OF THING, BUT THERE'S ALWAYS GOING TO BE PROBLEMS. IT IS NOT PERFECT AND I'VE CERTAINLY VERY WORRIED ABOUT THE FUTURE WITH IRAN AND ALL THESE THINGS. BUT THE AVERAGE SMALL BUSINESSMAN OR BUSINESS PERSON SEEMS TO BE COMING BACK, STARTING ANOTHER BUSINESS, AND BEING ABLE TO CREATE JOBS. LLOYD: I AGREE. I THINK THE SENTIMENT IS PRETTY NEGATIVE. WE ARE IN THE ELECTION CYCLE AND ARE A LOT OF THINGS WRONG IN THE ECONOMY AND A LOT OF THINGS COULD GO WRONG. MY CORE JOB REQUIRES ME TO WORRY AND THINK ABOUT ALL THE THINGS THAT COULD GO WRONG. IF YOU JUST KEPT IT SIMPLE, YOU WOULD SAY THAT THE UNITED STATES IS GROWING AT A TREND GROWTH, WHETHER IT IS 2.5% OR UNDER 3% GROWTH, OR A LITTLE ABOVE IT. IT IS WITH VERY GOOD REASON THAT LEVELS AS IF WE WERE IN A RECESSION. FINANCIAL CONDITIONS ARE EASY. MOST OF THE ECONOMIES IN EUROPE HAVE ROPED INTO THE HIGH SIDE. IF YOU JUST LOOK AT IT VERY SIMPLY, THINGS ARE GOING TO GO VERY WELL. THERE ARE NUMBER OF THINGS TO WORRY ABOUT, BUT THAT'S AN ADDED COMPLEXITY PEOPLE ARE PUTTING IN. I WOULD SAY TO KEEP IT SIMPLE AND THINGS ARE MOVING FORWARD. STEPHANIE: DO YOU THINK THE TREMENDOUS BULL RUN THAT WE ARE SEEING IN THE MARKET IS RIGHT? LLOYD: WE WILL SEE.

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Bloomberg, Blankfein on the State of the U.S. Economy

Lloyd Blankfein, chief executive officer at Goldman Sachs and Bloomberg L.P. founder Michael Bloomberg discuss the state of the U.S. economy. They speak on "Market Makers." (Source: Bloomberg) Bloomberg is the founder and majority owner of Bloomberg LP, the parent of Bloomberg News.

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