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Squawk on the Street
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The Fed Decision on Rates
The 1984 Continental early cycle resonated with me, which is that that was the top of that cycle and you had a buy. What was the interest rate cycle there? He had been raising the real rate was around 10, it was at 6, he said, okay, we can't keep tight. So I like it because it's a recognition that you had this situation in Pen Square, then Continental, which was one of the biggest banks in the country,. It didn't understand, then it collapsed and it happened rather suddenly.
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