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What if Wall Street didn’t rebound?
What if Wall Street didn’t rebound?
Bankers tend to turn into gardeners when they talk about the continuing shortage of mergers and other investment banking deals. They point to “green shoots,” in the form of an acquisition here, or an IPO there, as encouraging signs of regrowth.
But this analogy is perhaps too delicate for today’s world. Between the weak economic outlook, rising Treasury yields and the wars in Israel and Ukraine, the risk isn’t just that the ground is a little dry. This is because the ground is torn up and dried out, transforming what is sometimes seen as a temporary lull into one that lasts for years.
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