Deals
Schwarzman Sees ‘Up Year’ While Dismissing Volatility as Normal
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The head of the world’s largest private equity firm predicts widespread economic growth this year but with no escape from market volatility.
Stock market appreciation that far outstripped GDP growth was due for a reversal and sparked volatility that was “pretty normal,” Blackstone Group LP Chief Executive Officer Steve Schwarzman said Thursday in a Bloomberg Television interview with Jason Kelly.