Billionaire investor David Rubenstein predicts stubborn inflation and warns recession fears can freeze markets. Here are his 6 best quotes from a new interview.
David Rubenstein has cast doubt on a full inflation reset, flagged a key downside of recession worries, and predicted a rebound in dealmaking this year.
1."People are probably willing to accept 3% as acceptable, given where we've been recently. I suspect 3% will probably be the norm for some time. Trying to get to 2% and getting there quickly, you're going to almost certainly get a very high unemployment rate." 3."As it becomes clearer that we're not going into a deep recession, and as interest rates decrease or don't go up quite as much as they did in 2022, I suspect you'll see more and more deal activity. Last year was a relatively modest year for deal activity. I suspect 2023 will be better."
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