I expect more of a pick-up in fund gathering this year.

The merger-and-acquisitions cycle and also the market are far more beneficial in Europe and Asia and in emerging markets than they are in the U.S..

incredibly good training for the orchestra.

When we first started, there were legitimate reason for concerns. There was some poor quality and dropped calls. But I would say for the vast majority of people, those are not issues any more.

Non-manufacturers have become a little more optimistic. That's very, very important for assessing the sustainability of the current expansion.

The general pitch of all of today's numbers is quite strong and that's something that we haven't seen for some time.