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Surveillance: Transition Period with Zelter

Bloomberg Surveillance

00:00

The Effects of Low Interest Rates on Commercial Real Estate

I want to look at the level of the word, the D word, distress that's out there right now. How blind are people like you off FASB 157 and you can't mark the market debt? Well, I think time, if you look at the overall leverage finance markets, a couple trillion dollar market,. You're in the transition period. We had 14 years of low interest rates and the real impact on valuations. It takes a while to filter through.

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