I attended the $BlackRock(BLK)$ Private Equity Summit today, which was quite rewarding. Blackstone's chief economist believes that the Fed's rate cuts will be less frequent and smaller than expected, and that inflation is likely to restart next year, with a new round of rate hikes beginning in October 25.The core of this year's US election is Sweep! To win big! Neither side wants to just win the White House, not a small win but a big win, and both sides are shouting to sweep the White House and Congress!Doing well on the fiscal front is critical. Neither Trump nor Harris has prioritized fiscal discipline, and the US federal deficit is likely to remain around $2.0 trillion per year for the next few years. Whether the deficit situation can be changed