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2Q21 Review & Strategy Update

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2Q21 Review & Strategy Update

  • Market Updates

Our 2021 Key Themes remain intact with an emphasis on Theme #2 Big Turns Take Time. In the past year, the government sector has been the primary drive of total credit growth. In coming years, we believe the private sector is well positioned (current savings up & future real rates down) to fuel credit expansion. However, the transition from government support to private leveraging will not be smooth & commensurate market volatility is expected.

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