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Rabbit Hole Recap #264: Fitch Eyes US Default as "Soft Landing" Narrative Falters

Rabbit Hole Recap

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The Bank of Japan's Surprise Policy Decision

The incumbent financial system seems to be on dire straits. The yen has been debasing pretty rapidly against the dollar. Fitch came out downgraded the US credit score to double A plus from triple A. WTI crude going above $80 is big inventory draw that was larger than expected.

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