Surveillance: Banks In 4% Rate World
Bloomberg Surveillance
00:00
The Fed's Policy Consequences for the Credit Crunch
The good thing with regard to market outcomes is we've got 10-year yields coming down. I'm worried about the more variegated stress tests, stressing the banks for duration mismatches. If you have a credit slowdown and you have an economic slowdown that follows from it, you're going to have an earning slowdown.
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