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What Will Break First? | Joseph Wang & Peter Crane
Forward Guidance
What Do You Think Could Break the Federal Reserve?
The only thing tat's going to make the federal reserve pause and perhaps even cut rates is something breaking. In two thousand eight, it was the securitiation markets an the banking system. Now they have a facility for that. You could see someon the bond fund space in particular, where you're seeing out floes. One of my mantras is, it's never the blow up, it's the run that kills you.
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