Lloyd Blankfein, chief executive officer of Goldman Sachs, gave glowing remarks about the US economy, and said that “things are looking awfully good."

In an exclusive conversation with CNBC, Blankfein added that economy is in good shape now and appears to have some staying power, and that there are a lot of reasons to be optimistic about the markets.

Talking about China, he said, “There is no path forward if we disagree or disagree with each other over the long-term. We need to work things out. I understand we are trying to compensate. We are not trying to end trade with China. We are trying to even it out.”

He further said that some markets around the world including markets in the United States got hollowed out a bit and some political stability that was one for China by virtue of its trading practices resulted in some political instability and economic instability in the United States.

On market front, he said bull market do climb a wall of worry.

“I would say generally things do not go in same direction for a long time because people over adjust them and expectations change if money is too easy then people put them in foolish places and that’s how bubbles form and they burst and you do not see it till hindsight,” he added.