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Searching for Volatile Macro Environments with Alfonso Peccatiello, The Macro Compass

The Derivative

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The Importance of the Real Estate Market

The real estate market is the biggest asset class in the world by market cap. The flow of credit to that real estate market was actually very ample and very good for a long period of time. That has come to a sudden halt, housing sales are down 30, 40%, the year on year in the US.

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