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Unusual Whales Pod #10: The Housing Crisis, Markets, and Real Estate

Unusual Whales

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Credit Risk Transfers - What the Hell Are They?

The Fed doesn't care about breaking something in the real economy, that's what they're trying to do. The problem is they're going to break something in market world because as Randy is saying, everybody has been borrowing short and lending long. And these rates are going to break somebody. That's why you had repos go nuts a couple of years ago. There should have never happened. They had no idea that was going to happen. It took them totally by surprise. If market world is going to break though, and that's what's going to bring them back.

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