David Solomon

We've had monetary easing, about 100 basis points in the policy rate in the last year, with an expectation of another cut or two in 2026.

That's stimulative.

On top of that, we have a more

deregulatory agenda, which also is stimulative for capital investment.

Plus, you know, we have midterm elections coming up with a lot of focus on affordability, which leads to some what I'll call idiosyncratic actions that are also stimulative.

So from an economic growth perspective in the United States, it's a pretty constructive environment.

That doesn't mean that there aren't big, broad policy issues that have to be wrestled with.

But the kinds of things that will change that economic growth trajectory or sentiment are really more in the short run exogenous events that we can't anticipate or we don't see.

I mean, you've seen it a little bit this morning after some of the noise over the weekend.

You know, the markets opened with a little bit more uncertainty this morning.

But, you know, that's not that's not the kind of thing that really derails us.

First of all, I don't think two, three, four years is long term.

I think two, three, four years is a very short period of time.

Ten years, we're starting to talk about the medium term and the long term.

The next 10, 20, 25 years, we're talking more about the long term.

I've said repeatedly in public settings, and I'll say it again here on your podcast, I am very concerned about the debt and deficit and our inability on either side of the aisle to control our spending.

I think we've kind of gotten to a point where until we have some sort of a crisis or an event that kind of reframes us, we've really put ourselves on very, very difficult fiscal footing.

Now, we have a lot of latitude because of the U.S.

economy, the breadth of the U.S.

economy, the U.S.