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Bonfire of the Twitterverse
Deconstructed
Twitter's Debt Markets Are Getting Worse, Right?
The debt markets sort of abruptly soured, not really because of anything happening at Twitter. The way the Fed is trying to fight inflation has made other investing options more attractive. Hedge funds and sophisticated investors don't want to go above $0.60 on the dollar - which is very low by historical standards. Even 70 cents on the dollar, that's a huge loss for the banks.
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