economy

“It doesn't matter whether the economy is good or bad. What matters is the change in the direction. So markets are all about surprise.”

“There's also a part of a lot of us who are learning for the first time that for all of our lives up until now, in the background of our culture and therefore of our psyches, what's always running is the economy. And what the economy says is you get to work and…”

“A moderate amount of inflation is completely compatible with a healthy economy, faster growth rates, and better treatment of the workers who have been sadly neglected in the US in particular.”

“The economy is very, very durable in the face of Anything up to intermediate inflation levels, three, four, five percent. It won't affect the economy, but it will knock down price earnings ratios.”

“Fresh money opportunities in private debt are really interesting, because rates have gone up, and there's a dearth of capital, particularly in the middle market. The problem with that is that the economy can't sustain itself on loans at 15%. It just won't work…”

“This is a super long sales cycle, possibly the longest sales cycle of anything in the economy.”

“We saw this kind of discrepancy during COVID, and it took the economies a year to get back on their footing. This time, it's going to be just as bad. I don't see how the economy doesn't grind to a standstill. These strict discrepancies are going to be very uni…”