Blackstone (BX)

Blackstone CEO Stephen Schwarzman sees industry improvement going forward.
Schwarzman sees dealflow and IPO investments opening up. During a speech at the Super Return Middle East private equity conference in Dubai he was quoted as saying, “We've all been through a trying period. We’re seeing more than green shoots of recovery, though the scale of economic growth through next year is still unclear. We do not expect the U.S. economy to slip back into recession, but we do believe that weak consumer spending and continued constraints on bank lending will dampen the U.S. economic recovery in 2010 and 2011."

Oct 14 · 10:46:00 AM · Source: CNBC
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by Michael Oliveto