David Solomon

credit spreads are tight, but also when there's a difficult cycle.

And so, you know, I don't think about it as easy money.

If you're a lender, you're a lender.

You participate and you hopefully have good underwriting standards.

You take good reserves.

And so when there is economic pressure and there are losses, you can smooth through the cycle your returns to a reasonable place.

And that's what good lenders do.

I don't.

I think the U.S., I think U.S.

preeminence, especially from an investment perspective, is a theme that's still firmly in place.

You can walk around here and talk to capital allocators that are here from all over the world, and they're not fundamentally changing their allocation across the globe.

And if you think about what are the more interesting places in the world to invest at this point in time, the U.S.

is still at the top of the list and is the largest, most important economy, the largest, most important tech innovation center in the world.

You know, I think that's firmly in place.

The dollar has been softer this year.

There are a variety of reasons for it, but a perspective would be it's certainly much stronger than it was 10, 15 years ago when we saw, for example, you know, dollar 40 euro, you know, euro dollars.

So everything's got to be put through a longer term lens when you think about the dollar.

But I don't I don't worry about the U.S.

and its preeminence as an attractive place to invest the growth in that economy, the tech innovation ecosystem.

Sure, this is an enormous opportunity for every enterprise in the world, and I think it's one of the reasons why I'm very excited about growth in the world over the course of the next few years, because I think the productivity opportunity for enterprises, large, even to very, very small businesses, is enormous.