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Mispriced Markets, Miserable Outlook
Moody's Talks - Inside Economics
Do You Think That's a Systemic Risk?
We're going to see a much bigger pile of bad credits than you get in most normal downturns. The Fed, based on their past errors, is going to wait for clear evidence. I think the evidence is going to be slowly on what it's not like we're going to get whacked one day and it's going to be crystal clear.
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