Surveillance: Economic Malaise with Harvey
Bloomberg Surveillance
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The Importance of Price Discovery in the Second Half of the Year
The way that we're viewing it is another reason for banks to be more selective in lending. I think it will take some time for investors to get clarity on the macro, which determines the cash flows of those assets. And then also to figure out where the real bottom exists in price discovery. That's probably going to take longer to play out than for example the stresses that we might see in the in the corporate credit market among those smaller issuers.
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