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Keeping it Simple | Ep. 25: Transitory or Purgatory?

Keeping it Simple with Simplify Asset Management

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The Importance of Balance Sheet Problems in the Banking System

First Republic with assets that only earn 2% couldn't possibly pay four and a half to five to compete with money market funds. Their balance sheet is fundamentally weaker than it was a year ago, you know, just looking at like the snapshot of where they are right now. We're seeing the deposit base being drawn down. I think everybody agrees with you on a hold to maturity basis. Those mortgages are not an issue.

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