Wrong Answer to the Right Question (guests: Russell Clark, Cem Karsan)
The Market Huddle
00:00
The Passing of the Torch From Inflation and Duration Risks to Recession and Credit Risks
Dudley: This meeting marks the passing of the torch from inflation and duration risks, he wrote, to recession and credit risks. Arguably what we have seen is not a credit crunch. However, often liquidity crunches can lead to credit crunches as we've seen in the past. I do think that these things create feedback loops and so- I agree. That's the bear in me. Did we switch from this week? Did we go from being worried about the heat to the cold?"
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Transcript
