Houlihan Lokey’s Irwin Gold Sees ‘World of Hurt’ for Small Businesses
- Investment bank’s chairman expects economic pain into 2022
- Central banks should be ‘more active’ on stimulus, Gold says
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Irwin Gold, executive chairman of Houlihan Lokey Inc., sees trouble for firms spanning into 2022 as technology upends industries and debt loads become a bigger burden.
“Certainly the larger companies have more options with respect to liquidity and capital-markets options,” he said Monday in a Bloomberg Television interview. “Small businesses, they’re in for a world of hurt.”