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91: The 2023 Banking Storm: Risk or Opportunity? With Huw Van Steenis, Vice Chair of Oliver Wyman
Money Maze Podcast
The Future of the Financial Sector
I would say we are headed into recession in the US. It's just a question of how severe and its duration. I think around parts of private equity, parts of commercial real estate, it would be gobsmacking if we don't see some asset quality problems. As always, banks are ever a leverage play on the macro. If we are heading into a soft recession, then that's a different snow than a harder recession.
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