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Liquidity Has “Dried Up,” Says $100 Billion Investor | Jeffrey Sherman

Forward Guidance

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The Fed Cut Quickly, Ora One, 64 Tomina Market

There was a massive problem in the market. Everybody was selling, selling anything he can house. Sell your kids. Sell whatever you can sell. There's the reason the fed cut quickly. Should they have bought corporate bonds? I mean, investors now think that the next time there's a problemthey're oingto by corporate bonds. So so ta tas kind of a bad example. But we sent it through corporate america. That's where the hand outs really were. And, you know, it supported the system. Now, liquidi conditions have dried up again. They're not 20 20 levels. The less propensity to risk out there, and dealers never have stepped in in

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