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Fitch's U.S Debt Downgrade Was Justified | Danielle DiMartino Booth
Forward Guidance
The Late Cycle of QE
In late 2018, the special circumstance left him completely scarred. He was worried about systemic risk in the corporate debt market. That's when he bailed out the corporate bond market. But even then commercial real estate was not bailed out. So I think the early spring of 2021, March of 2021, that was peak bubble behavior where everyone was talking about the stock market.
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