Joumanna Bercetche

We spoke about that a year ago, I remember.

And I just wonder whether you think the easy money, so to speak, in private credit, those days are behind us now just because of how much interest there's been and how much spreads have compressed there.

Okay, so we've talked about equities, Fed, the credit.

Let me ask about the dollar.

The dollar is down almost 10% year-to-date.

It has been a challenging year for the USD.

People were questioning this theme of U.S.

exceptionalism.

Do you worry that the U.S.

is perhaps somehow losing its relative status

you know i think the us is in a pretty good place okay david i've got to round up asking about ai and sort of how you're incorporating it incorporating it into your bank operations um you know are you seeing efficiency gains there

Is AI going to replace entry-level jobs, analyst jobs?

Take me back to my banking days.

The MD would send me an email at 6 p.m.

on a Friday to fix a pitch book by Monday morning, and you know that your weekend was going to be good.