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Is The Credit Crunch Here? | Peter Boockvar

Wealthion - Be Financially Resilient

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The Fed Takes the Fed Funds Rate to Five

The economy was habituated, one might say, addicted to close to zerp policy. We've got the stat of what, 20% of companies or were zombie companies back when credit was cheap,. I mean, are you expecting kind of a decimation of that whole cohort of corporate America? Well, actually, I think what's happening now is how it was supposed to play out in the sense of I had somebody actually really ask me why the economy isn't blowing up yet with all this debt and rising interest rates. And I said, because it doesn't affect us all at the same time. That's why this can be more of an economic malaise as it's going

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