Torsten Slok

My final question, we've discussed a few risks.

We've talked about wealth inequality, income inequality, Iran, AI, private credit.

What is at the top of your list in terms of gravity and concern when you look at the risks to the U.S.

economy at this point?

Torsten Slocke is partner and chief economist at Apollo.

Previously, Torsten worked for 15 years on the sales side where his team was top ranked by institutional investor in fixed income and equities for 10 years.

He also worked at the OECD in Paris in the money and finance division and the structural policy analysis division before joining the OECD

Torsten was with the IMF in the division responsible for writing the World Economic Outlook.

Torsten studied at University of Copenhagen and Princeton University.

Torsten, thank you so much.

We really appreciate your time.

I really liked the guy.

I loved his final advice, not AI.

It's such an important point.

I agree.

AI is literally everywhere.

And all of the paradigms, all of the frameworks that we used to use in terms of diversification, they just don't make sense anymore.

And I hadn't thought of that point specifically.

I mean, we've thought about it in terms of stocks.

We've talked a lot about the fact that