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Bloomberg Wall Street Week April 21st, 2023
Wall Street Week
The Uncertainty of Cutting Rates
This was a unique, I don't know, described as a crisis. This is a unique period in the banking system. It changes how you build a portfolio today in a big way. There are cyclical parts of the economy and non-cyclical part of the economy. The other one that changes the investment paradigm is you can buy short-term interest rates. My cash is my best friend today, because I'm garnering. commercial labor at 6%.
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