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What Will Break First? | Joseph Wang & Peter Crane
Forward Guidance
What Is Something That Will Break Again?
In two thousand eight it was the securitis credit market cedios that were comprised sub prime mortgage back securities. In 20 19, it was the repo system, which is very interesting because the system had so much more liquidity in bank reserves than it di before the crisis. What do you think will break this time? Do you think something maye? You think it is possible that something doesn't break at all, which will be interesting.
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