Blackstone billionaire: I don't see an economic downturn anywhere on the horizon
September 16, 2018 at 19:14 PM EDT
"The last crisis was a terrible crisis, but it was both a financial crisis and an economic downturn. Right now, I don't see any economic downturn on the horizon, so it will be a little while before I think you have that confluence of factors," said Tony James, executive vice chairman at the Blackstone Group.