MacroVoices #376 Tian Yang: When the Recession Becomes Obvious
Macro Voices
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The Bank Run: The Proximity of the Cause
The credit availability has been bad for a while. And lending standards have already been tightening before the kind of SVB and these things kicked off. I think fundamentally, our capital cycle models have been same banks have been capital abundant from pretty much Q4 of 22. Last year, it's just been too easy arrived for banks for too long that they've just had to take on more risk to make money.
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