The factors contributing to the highest inflation in the U.S. in decades are more entrenched in the U.S. economy than many investors realize, said Blackstone Inc. President and Chief Operating Officer Jonathan Gray during an interview with MarketWatch.
The factors contributing to the highest inflation in the U.S. in decades are more entrenched in the U.S. economy than many investors realize, said Blackstone Inc. BX, +0.90% President and Chief Operating Officer Jonathan Gray during a Thursday interview with MarketWatch.
Asked about pockets of strength across the U.S. corporate landscape, Gray cited the energy sector, travel and technology companies with a focus on connecting users over the Internet as potential opportunities for retail investors looking to put money to work. While the impact of higher interest rates is immediately felt in financial markets, the impact on the real economy takes longer to filter through.
An early Blackstone employee, Gray helped pioneer the firm’s multibillion-dollar real-estate business. When asked about the U.K. toward the end of the interview, Gray responded that U.K. assets “absolutely” represent an opportunity for investors.
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