MRKT Call 12/29/2022: Liz Young's 2023 Outlook
RiskReversal Pod
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I'd Call My Show Slow Money You Guys Can Be Fast Money
If we have a recession in 2023 it will be induced by fed rate hikes and inflation. The 2008 recession was due in large part to excessive risk taking in parts of financial markets. I would hope that if we do have a recession there because we've done a decent amount of work on that excessive side that it doesn't last quite as long. If one occurs what it's going to do is pull forward their entire reaction function and then that changes the way capital markets respond.
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