Vibe at Milken: Shiny happy people set for more wealth – By Dan Primack (Axios) / May 7, 2024
I spent yesterday among the masters of the universe at the annual Milken Global Conference in Los Angeles, and walked away with one overriding thought: Most everyone was quite satisfied with the current state of affairs.
The big picture: Yes, there were mentions of Israel/Gaza, Ukraine/Russia, climate change, national debt, and the growing toxicity of domestic politics. But most of it was said to me as a perfunctory aside — almost as if it was done more for the sake of being polite than of being real.
- Or sometimes even as opportunistic. Such as bankers talking about how dealflow is getting pulled forward because the M&A market may grind to a halt ahead of the presidential election and any potential chaos that follows.
State of play: These are the people who have internalized the economic data that the Biden administration keeps trying to highlight, without being stung much by inflation.
CONTINUE > https://www.axios.com/2024/05/07/milken-conference-2024-bankers-israel-gaza-election
