Debt. Joining us to discuss is a high veteran, Lehmann Livian Fridson Advisors chief Investment Officer martin fridson. I want to talk about this wave of downgrades we have had. Yet, itenomenal, and seems like we have not reached the apex. Do you anticipate more double and triple downgrades . Martin i think we will see that continue for some time. If is such a dramatic change in environment, it is taking a while to get through all the companies, but in addition to aat, some Companies Just had light switch turning off kind of change. Historically, you have some finance companies go down quickly if they lost their ability to borrow, they could sell quickly. Industrial companies historically have taken a long time to make the migration that we observed recently. 1100 basis points around march 23, and then we had a bit of easing. What do you see in terms of levels, spread wise, and default wise . Martin default will clearly rise. Defaults will clearly rise. We think double digits. The high
Cast member he well to me carveys the best guy has ever been on saturday night live you also know from waynes world his party honest the funniest sweetest man in the world dana carter isnt that right ok im going to start with this after t. V. Its not even a joke but it just made me laugh i thought yesterday that john lennon and Paul Mccartney have trouble finding parking outside of abbey road in their late to tell you i couldnt move you know ringle pulled into the grose obscene comes out with well. You know it is completely full i couldnt well we need you to sing the lead the for im a what couldnt as a circled theres nothing i could do just like makes me happy. I know what a huge beatle fish and you are i kid yes it will go far yeah i am but ive. Met all for like one second rigaud and george i mean a silly meter drawn but you hung out at lawrence place yeah Lorne Michaels our old boss out on the island with yeah yeah it was i had never been on television basically i just i was cast on
Mccartney have trouble finding parking outside of abbey road in their late to tell you know it couldnt move you know ring who pulled into the grose obscene comes out with well. You know it is completely full i couldnt well we need you to sing the lead the for im a what couldnt as a circled as another mega do just like makes me happy. I know what a huge beetle fish you are i kid yes it will go far yeah but ive. Met all for like one second rigaud and george. The meter drawn but you hung out at lawrence place yeah Lorne Michaels our old boss out on the island with yeah yeah it was i had never been on television basically i just i was cast on s n l but i met laurens mansion for me there was seen it well who never seen anyone with a giant frigidaire you open it and one side is like 1000 am still lights and theyre the size the pelligrino member thats why i hurt my shin. I remember hog and us to the end that was down below but then lorne said oh pauls coming over tonight you know paul all in
Stories. Right into the thing. With. Our. Welcome to our special edition of. Where were looking at some of the quirky stories we encounter in the region in the past one of them was. Which isnt really what one associates with but the sport is getting. To the point of these an entire league we caught up with one team from bangkok who said that a big old competing in the next. Its fast frenzy and full contact. Welcome to the role of dog the. Good the gave it all about balance and free will with it but thats pushed cost a little i meant to try and stop the uptake of like a lot of the whats next clearly this is no place to begin is. These guys are on a mission to set up thailands 1st ever National Team and skate their way into the biggest competition in the game the role of the world cup almost every roller derby player know as a dream of competing in the world cup and it would be great to bring a team from thailand with thai skaters. Trained in bangkok that would be a dream. With the world
The schedule we are going to start on time. The new time. On behalf of myself and bob bauer who is my supremely wise, talented and collegial codirector of the nyu law schools legislative and regulatory process clinic i wanted to welcome you here today to the fourth o year of the for. We are joined this year by another nyu law entity, the reef center on law and security, a nonpartisan multidisciplinary institute and the director, rachel, who is here has been invaluable in helping pull together the program for this afternoon. This b forum would not be possie without the generous support of sibley austin, a Renowned International law firm and so it gives me great pleasure to introduce to you, peter who is a partner in the chicago office. He knows a lot about what we are talking about today. He served his district in illinois in the u. S. House of representatives for six terms, from 20072019. During that time he held a number of very significant positions. One of those most pertinent to wh