Bank Crisis Not in Rear-View Mirror Yet: Pimco's Browne

The video discusses the current divergence between equities and rates, with equities showing strong growth while rates suggest a potential recession. It highlights the possibility that both markets cannot be correct simultaneously. Additionally, the video addresses ongoing concerns in the banking sector, noting that while immediate fears have subsided, underlying risks remain due to last year's extreme tightening. The potential for further issues, though not on the scale of Silicon Valley Bank, is acknowledged as the economy moves closer to a recession.

What does the speaker mean by saying that both rates and equities cannot be right at the same time?

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In what ways does the speaker suggest that hidden risks may emerge as the economy approaches a recession?

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