Europe has been slow,in the estimation of Stephen Schwarzman,CEO of The Blackstone Group,L.P.,but we're starting to see Europeans now liquidating things in a way that wasn't previously the case.What we're seeing is sort of spotty growth in Europe.Overall this year,growth should be about 1.5%.
Europe for us used to be very high-priced.We look at Europe in a position of healing now.The consensus of finance ministers is slow growth,strengthening of the rescue fund,and life will go on.
China prices have gotten very high.There's no shortage of money in China,and there's a lot of optimism.In India,there isn't so much money around.They are actively looking for money,so there are a lot of opportunities we like,such as coal-fired electric plants,Mr.Schwarzman indicated.
What we're seeing in every area of our business is,there's always an unusual opportunity where it isn't very difficult to make a decent return,the financier said last weekend at the World Economic Forum in Davos,Switzerland.Blackstone is gonna be a whole lot more active this year.
The Blackstone Group,L.P.(BX)
No comments:
Post a Comment