We're in an ugly situation, yes, buset doesn't get better. I'm cautiously optimistic, but expecting a decent chance of a recession. A lot of sectors will be booming just because other parts of the economy are coming back. But inflation is still too high, and voters will hate it. If they have to, they'll turn on the fed. We think in america to day, there is a crisis of talent. Most projects, the constraining factor has not been capital, it has been the human ability to execute on them. There's not actually a senital book on talent, and we thought we should write it.

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