growing risk of a widespread markdown in private equity markets, he compares to dry tinder.
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He certainly is dancing for his dinner.
On the one hand, he is selling, and then he is warning. GS can’t be sued easily.
I have never seen him dance this way.
“We’ll get through this eventually”, versus “We haven’t had a crisis recently”.
His better clients will be with him, sidestepping the poo. He may not be CEO, but I’d bet he still has clients.