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Careful What You Wish for with Liz Young, Guy, Danny & Dan

RiskReversal Pod

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The Fed Can't Cut Liquidity Out of the System

The lag effect of all these rate hikes which haven't occurred are starting to work their way into the system. Blackstone and Starwood private equity real estate funds were gated last fall. So that was kind of the first sign. And now as I said here, I think we're zero chance of 50 basis points in a couple of weeks,. 60% chance of 25 and 40% chance of nothing, obviously.

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