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4min chapter
Stephen Schwarzman founder and CEO of Blackstone
In Good Company with Nicolai Tangen
The Interruption of Financial Institutions
We're going through a period of really that was created by the pandemic, which affected the entire world. People were locked down all over the world; they didn't go to offices. They ended up saving an enormous amount of money because they weren't spending it on clothes. That mismatch created very high levels of inflation,. So now we have the central banks raising interest rates.
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