Inflation and Recession Insights
Josh discusses the Federal Reserve's credibility issues and the potential persistence of inflation, while expressing a belief that a deep recession is unlikely given current employment levels. He emphasizes the importance of preparing for various economic scenarios by analyzing historical data, particularly in relation to credit losses and default rates. The mantra of "prepare, don't predict" underscores the need for proactive strategies in navigating the complexities of the current economic landscape.In this clip
From this podcast
Capital Allocators – Inside the Institutional Investment Industry
Josh Friedman – Master Class in Credit Investing at Canyon (Capital Allocators, EP.263)
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