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2024 Predictions, Career Advice, and What Went Right in 2023

The Compound and Friends

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Misguided Perception of Economic Recession

The anticipation of a recession was primarily driven by an overreliance on past interest rate hiking cycles, resulting in a misjudgment of the amount of money tied up at low rates. This led to overestimation of the potential increase in defaults and the impact of a looming maturity wall.

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