These Are The Biggest Risks To The Market And Economy, According To Goldman

Goldman chief economist, Jan Hatzius, has published a report outlining the financial risks they see to the macro outlook, dissecting the view from Goldman's Financial Excess Monitor, which indicates that equity and housing valuations now look more elevated, and that risks from financial imbalances remain low in the private sector but (much) higher in the public sector.

Below we excerpt the main highlights and key charts (the full report can be found here for pro subs).