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[Comment removed by mod team]
 

I’d agree with 2-2.5 years. The process of deleveraging and equity being wiped will continue to unfold as existing debt matures. With that valuations will reset and people will continue to adjust to the new environment. And then activity will pick up steam. Just look at how long it’s taking to unfold. What makes anyone thinks it will pickup after the new year? That’s foolish wishful thinking at best.

 

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