Surveillance: Tight Labor with Richardson
Bloomberg Surveillance
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The Fallen Angels Are Rising Stars
I do think that this is an environment where I think the incentives to be more conservative and be more cautious would seem to be there. We're also pretty cautious on the commercial real estate side, we still think that that is a market where you could really get hit from both directions. And then just the math of where bond yields are relative to equity and dividend yields, that I do think that's an environment where we want to play for credit improvement more broadly.
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