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The Fed Put Still Lives | Vincent Daniel
Forward Guidance
Blackstone: A Publicly Traded Stock
Pension funds can own more US treasuries, whereas before there's no incentive for them to own zero yielding paper. As a result, I would say if I'm long-term constructive on the structure of private equity, but near-term bearish on the underlying investments that reside in private equity. "I don't think there's going to be a bank run because of what you just said," he says.
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