By deflation you're referring to assets being repriced?
If so then yeah I assumed you meant general deflation, but we haven't had that yet.
And yes, if this cycle goes for 4-5 years don't be surprised to see MAC bank next in line. their shares are already down 80% and their group debt is gigantic. Never say never.
BNB
babcock & brown limited
why the fed will save bnb, page-11
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