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theyre blocking redemptions Im your host Steve Van Meter and thanks for joining me today in our lead story today weve been warning investors to get their money out before its too late and were now just got word that a major Investment Bank is blocking redemptions from one of its funds and what I want to suggest you is this is only the beginning of what is a story in the next couple months and later this year of what were going to hear of more and more companies not just blocking redemptions but outright halting them and of course were going to go back and Im going to show you why this is happening and why its only going to get worse plus weve got some data from an unusual source that says the economy is indeed slowing down lets go to Bloomberg where we picked todays story up with a headline Pimco owned office landlord defaults on 1.7 billion mortgage now this we talked about earlier this week and suggested that look this issue with commercial real estate is going to get wor