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Nicholas Glinsman on Banks, Commercial Real Estate, and China

Forward Guidance

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The Risk of a Recession

The Fed is a slow moving super tanker, rather like pension funds and investment and insurance companies on the buy side. If we see that bull steepening, that's a recession. I don't see how a recession is good for risk. Just look at where copper is 366. It was over 400 on the COMEX,. That's got a long way to go down if that trend in Chinese economic data continues. And these are these are things you can't ignore in terms of what’s going on out elsewhere.

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