View in context, Economics 1, July 2022

The Fed has just started to take liquidity out. It's going to take $100b out every month for 10 months maybe. He said wait to invest until the Fed starts to use the word 'pause'. He thinks a lot of the Fed's job is already done. Food and other costs will continue up unless there's a serious recession, but he thinks there'll be a mild one. Markets lower going into November, he said. - Kyle Bass

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