Blackstone limits withdrawals at $125bn property fund as investors rush to exit

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Gambling is one thing, tourism is another. Vegas depends on both. Lack of available spending money means reduced tourism, everywhere.

Trump making CEO of Blackstone his economic advisor (as his neighbor this made sense) the deregualtion of banks in 2018 would always lead to economic crisis as Wall St has NO moral hazard nor do republicans

Any company that limits withdrawals is running a Ponzi scheme. Doesn't matter what industry. Limiting withdrawals is a tool used to prioritize exit liquidity for wealthy clients before declaring bankruptcy.

Another good reason to end the fed

Karma

This is confusing since Bloomberg is reporting the fund as $69 Billion fund, not $125 Billion fund, which is correct?

Institutional investors can have a big impact on the housing market. Their decisions are sudden and the magnitude of inflow/outflow is huge compared to actual home buyers. This could cause large volatility in the housing market.

I believe this what the kids call contagion anon _Crypt0Jack

🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩🚩 What's going on at Larry Fink's baby?

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