Blackstone Inc. (BX) Presents At Barclays 23rd Annual Global Financial Services Conference (Transcript)

Macro View - The U.S. economy is perceived as quite resilient despite some challenges [1] - Corporate earnings reflect this resilience, including the company's own portfolio [1] Positive Factors - The cost of capital is decreasing, with the 10-year yield around 4% [2] - There is an unprecedented investment boom in AI, AI infrastructure, and power electrification ecosystems, which the company is well-exposed to [2] - The central banking posture is increasingly accommodative regarding short rates and balance sheet management [2] - Spreads in liquid high-yield markets, investment-grade markets, and leveraged loan markets are relatively tight [2]