I Was A Normal Human Being, But

Over The Longer Term, China Will Grow By About 6% Or 7% Per Year. The Chinese Authorities Usually React Pretty Quickly To Unfolding Economic Events, And You've Seen Them Recently Change A Whole Bunch Of Policies To Be More Conducive To Growth. They Have The Power And Capability To Macromanage The Economy - To Accomplish Their Growth Objectives - Which Means They're Pretty Much Going To Come Close To What They Say Is Going To Happen.

You've Seen Certain Credit Type Products That Are Going To Be In Nonbanks, Like Sophisticated Clo [collateralized Loan Obligation] Tranches And Stuff Where The Capital Charge Is So High That A Bank Simply Will Not Own It. Someone Will Buy It, Hedge It, Trade It. But It Won't Typically Be A Bank.

I Have Gotten Disturbed At Some Of The Democrats' Anti-business Behavior, The Sentiment, The Attacks On Work Ethic And Successful People. I Think It's Very Counter-productive.

My Father And Grandfather Were Stockbrokers, And They Would Actually Take Stock Certificates From A Vault, Give It To A Runner, And Send It To Another Vault. Then Somebody Said, "let's Digitize It And Have One Vault." Now The Dtcc Clears And Settles Almost Everything, And The Cost Of Doing A Trade Is A Tenth Of What It Was Before.

I Do Want The Tax System To Be Efficient And Be Conducive To Growth, Which It Is Not.