2min chapter

The Compound and Friends cover image

That Wasn't the Bottom

The Compound and Friends

CHAPTER

The Real Credit Crunch

Businesses that are trying to cut costs faster than the revenues are falling. The real credit crunch comes when pension plans start selling credit because they're they're in illiquid We're not there. We're not right there yet. It used to we're in the discovery process Which is to Mike's point you sound cautiously bullish.

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