Dan Ivascyn

You end up retraining folks.

It's good for the economy as a whole.

We just worry that there are going to be real timing issues here.

Yes.

Our biggest concern for the remainder of the year was the Iranian situation.

That's a much bigger deal.

Classic energy shock in that if we didn't get that addressed, you know, you start seeing more and more.

more imbalances on the physical side, that that would really be the negative for the economy.

We think if you get the Iranian situation under control, defined as not perfect clarity, but just more oil flowing through the strait, less uncertainty there, we're pretty bullish on the economy going into year end.

What you're describing, absolutely, we think will be a key theme the next several quarters, certainly the next few years.

We think it probably won't have as big of a direct economic

impact but it's going to be a ongoing theme when we look at our business we look to plan ahead three four five years it's not so much that we're looking to make major changes in the work or workforce it's just the acknowledgement that the type of skill set that's optimal is going to evolve so where you may have had you know

200 you know new folks coming in more with more traditional finance backgrounds spreadsheet discounted cash flow analysis people probably need less of them absolutely right and then you're gonna end up with with folks in the tech groups looking to leverage uh the the the folks that have those skills so i don't we don't know what the ratio will be necessarily but um

It's that type of dynamic.

And again, what's important is empowering the younger generations that understand this tech the best.

So there's even just a shift in mindset in terms of seniority and who you surround yourselves with, realizing that that optimal mix is likely to be different than what folks like myself that have been doing it for a long time would naturally think is the case.

But we do think it will move.

It's moving fast by typical economic standards, but, you know, we definitely think this is going to be a multi-year theme.

He sounds bullish on balance.

He sounds like constructive, right?