Blackstone Group CEO Stephen Schwarzman: US will avoid recession regardless of who is elected as US president

Blackstone Group Chairman and CEO Stephen Schwarzman said in an interview in Tokyo on Wednesday that regardless of who wins the presidential election, the United States may avoid an economic recession because both candidates have policy proposals that attract economic growth. Schwarzman said that as US interest rates may continue to decline, he believes the environment for trading and exiting investments is improving. "This is actually a problem of interest rates and economic growth," he said. "Interest rates will continue to decline, which will provide more impetus for more buying and selling transactions." (Jin10)