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4min chapter
The Recession Paradox | Alfonso Peccatiello
Forward Guidance
How to Avoid Refinancing Cliffs
The recession will be what late 2023 or early 2024? You tell me when you think the car, if we're going to slam on the brakes, is really going to hit the brick wall. I've worked for a treasury of a large bank for a long period of time. So when it comes to your issuance planning, to your asset and liability planning, you want to avoid refinancing cliffs.
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