Nouriel Roubini

And, you know, the NFT index is down 95% from the peak.

So it was a bubble, has burst, whether Bitcoin goes much lower or not, who cares?

Well, I spent a good amount of time between Saudi Arabia, Israel, Dubai, and Abu Dhabi.

I would say that foremost on people's mind was the question of whether there would be another conflict between Israel and U.S.

on one side and Iran, debated in Israel, in Saudi, throughout the Gulf.

We don't know.

There are negotiations.

I would say the Israeli view is that probably it's not just an issue about nuclear bomb, but also about...

the missiles, ballistic missiles, and the regional proxies, while Trump might just cut a deal on the nuclear bomb alone that will leave Israel in a weaker position.

But we'll see what are gonna be the results of those negotiations.

Oh, yes or no.

What I feel is people say we don't like the U.S.

in public, and then they invest in the U.S.

I mean, throughout the Gulf, whether it's Saudis or Emiratis or Qataris.

There's no alternative to the United States.

And I think for a good reason.

I've argued that actually I'm a techno-optimist that US potential growth by the end of this decade is going to be 4%, not 2%.

And if you had American exceptionalism, when growth was 2%, and the S&P was returning you 12%, including dividends for 20 years, and now it's like 16%.

If growth is even only three, let alone three and a half and four, then returns have to be even higher.

So yeah, in the short term, there is now volatility, but that's short-term volatility.