This is laying the groundwork for distressed debt opportunities. We think it is analogous to the stacking of wood for a bonfire.
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Nothing in the world raises prices like an excess of demand over supply.
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There's nothing magical about those years. But that's enough time for some bad things to happen.
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We've been doing this for 17 years, and when we talk about potential returns, we've never talked about lower returns than now. We're waiting for '07.
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Based on Topics: Opportunity QuotesBased on Keywords: bonfire, stacking
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