humani nil a me alienum puto

random rants about news, the law, healthcare law, economics and anything I find amusing

Signs of Pessimism Ahead of Tulane M.&A. Conference – DealBook Blog – NYTimes.com

In advance of the Annual M&A conference in Tulane, a survey of participants revealed significant pessimism concerning the near term future of transactional work.   These are the guys that ostensibly have their ear to the ground regarding economic activity.  According to the Deal Book Blog, it’s better than 50% that we won’t recover to prior transactional levels (i.e., certainly not economic levels) of 2007 for five years:

69 percent of respondents believe it will take up to five years to return to the level of M.&A. activity seen in 2007 — up sharply from the 42 percent who shared that view in 2008. Meanwhile, only 29 percent of respondents maintain there will be signs of recovery in a year to 18 months — down from 52 percent last year.

via Signs of Pessimism Ahead of Tulane M.&A. Conference – DealBook Blog – NYTimes.com.

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