The Positives and Negatives of Equity Turns

The next big focus in a positive way is that, in our view, we will avoid a recession in this downturn. Many investors are worried that there would be recessions, and we think that's not likely. But also, I think that we'll be moving towards an environment where interest rates having gone up quite sharply in the last 18 months, reaching a peak. All financial markets are impacted by the cost of capital or the level of interest rates. On the negative side, we should be aware that there are obviously risks, some that are known about and others less so.