Ken Griffin

You know, for example, if you want to address the issue of housing affordability, you need to build more homes.

And when you're talking about rent control, all you're doing is telling developers in big neon lights, don't build in New York City.

Now, contrast that with the incoming mayor of Miami.

She has a long history of being pragmatic with respect to policy choices that will improve the lives of the people who live in Miami.

She very much wants to accelerate

the permitting process for builders to create more housing stock.

She wants to help release lands into the private market to help increase available housing.

She wants to address the issue of housing affordability with thoughtful, time-tested, and proven policies, rather than the fantasy that's being espoused by mayor-elect for New York City.

Look, I think that New York City is a red flag because people put aside good sense and common sense to elect somebody who is incredibly charismatic, who ran a really powerful campaign on social media.

but who ultimately doesn't have the ability to deliver on the promises that he set forth.

In contrast, I think the mayor-elect of Miami, she ran on a much less powerful set of campaign messages, but do you know what?

She'll deliver on the promises that she made to the voters of Miami.

Look, I think every business executive is thinking through the magnitude of exposure they have to New York.

And there is a very common talking point on this.

We survived de Blasio.

Is that enough comfort?

Well, that's the talking point.

And unfortunately, I think there's some truth to that.

New York took a big step back during the de Blasio days, and I hope that Mondami starts to think about how to pivot to a more thoughtful set of policies that will allow New York City to maintain its position, not only as one of the greatest cities in America, but one of the greatest cities in the world.

Well, unfortunately, the bond markets are expressing their anxiety about inflation.