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Our '80s flashback

"It wasn’t until 1994, more than five years after the 1980s bubble burst, that the credit market fully recovered. We anticipate it could take even longer this time."

Pamela LawrenceBy Pamela LawrenceToday’s distressed market is very similar to that of the late 1980’s and early 1990’s when macro-driven systemic issues created distressed opportunities. In the 1980s, easy money led to the creation of the high-yield bond market and a real estate bubble. Banks and other financial institutions took

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