in Los Angeles, and walked away with one overriding thought: Most everyone was quite satisfied with the current state of affairs.Yes, there were mentions of Israel/Gaza, Ukraine/Russia, climate change, national debt, and the growing toxicity of domestic politics. But most of it was said to me as a perfunctory aside — almost as if it was done more for the sake of being polite than of being real.
Or sometimes even as opportunistic. Such as bankers talking about how dealflow is getting pulled forward because the M&A market may grind to a halt ahead of the presidential election and any potential chaos that follows.: These are the people who have internalized the economic data that the Biden administration keeps trying to highlight, without being stung much by inflation.
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