I also believe that most of the emerging economies have a fairly large amount of foreign exchange reserves, relative to 10 years ago.

More people are working, lending is up and savings are up. These are all positive signs for a strengthening economy.

Businesses can be opaque. They are complex. You don't know how aircraft engines work either.

The country [India] is doing far better.

It's moderate growth, with some parts of the world better than people think, and better than last year [2015].

I have gotten disturbed at some of the Democrats' anti-business behavior, the sentiment, the attacks on work ethic and successful people. I think it's very counter-productive.

Banks don't want certain asset classes, and that's created opportunities for private equity, hedge funds, Silicon Valley. In this case I think he was referring to some of the European banks shedding assets, and the big buyers are probably not going to be big American banks. Someone like Blackstone may have a very good chance to buy those assets, leverage them, borrow up a little bit, and do something good there.