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Rabbit Hole Recap #255: The Debt Ceiling Does Not Exist

Rabbit Hole Recap

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The Bank Runs Continue

The bank runs are continuing underneath the surface. This marginally, as the treasury starts issuing more debt and taking reserves out of the system creates more competition for those dollars. And will the banking crisis accelerate toward the end of July, middle of July? I think that that's idiosyncratic, but inevitably, there are still banks happening.

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