How is everyone not paranoid right now? Everyone from partner to senior associates are all calm and telling me not to worry about the economy too much, but every article on the WSJ or CNBC is all doom and everything is on fire. Is the economy really fine or is a storm brewing?

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When you look at it this way puts some perspective on how much of a slowdown this really is. Yes Q2 dropped from Q1 but we aren’t on life support

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this is nothing compared to the feeling in March 2020, which was actually concerning. we are still very busy and clients' potential deal pipeline continues to grow. a slowdown is not the same as a dead deal market

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Agree 100%. During covid things literally stopped. In a recession no matter how bad there are still deals going on but perhaps ay lower volume.

That’s why I work for the worlds largest restructuring firm. No better place to be!

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Every shop from big 4 to non pa preaches that that rotation of fdd staff to restructuring. They tried doing that during covid and it did not work. I think reputable shops like AM will keep their deal flow sufficiently running to keep high performers busy. I am noticing that fees are gradually being lowered so we may see smaller budget as volume decreases and partners try to keep up with the deal flow.

It seems that PE still have significant purchasing power, and may be motivated to do deals as valuations may be a little lower during recessions

I think people who confidently say one way vs another are both wrong. I don’t think anyone genuinely knows what’s going to happen

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Correction*** (Not definitely breaking) - probabilities of something breaking

More millionaires are made in recession than any other times. Just need to find the right opportunities! A recession is like a Black Friday, you get good deals. But not with accounting income for sure.

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I agree. Work for a big 4 and they literally had a town hall saying that there is no recession and that our economist say everything will be fine

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Nobody knows. How are they so sure?

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WSJ, CNBC, etc are all reactionary and look at the economy through the daily and weekly trends.
A recession is a feature not a bug of cooling inflation. Hopefully its a controlled slowing and not a crash, but only time will tell. Plenty more work to do today than pre pandemic.

Keep calm. Nothing compares to the covid slow down. Transactions came to a halt litteraly then. Also people learned not to fire people as they need bodies for the rebound

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