Given recent events in the industry, what do you believe will most benefit from a recession? Do you think they will both benefit greatly? Or one or the other?
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What does explode mean? Do well or do poorly? Both go together. Without transactions you won’t have acquisitions or loans. Therefore, both will do poorly. Now on the return front - you could have loans perform and equity do poorly. But we won’t know for 2-10 years
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