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Jeff Snider: The Credit Crunch Is Here As Ultra Rare Bond Market Signal Flashes Red For First Time Since 2008
Forward Guidance
The Consequences of Credit Crunch
The last time this happened was 2008. The lessons of Bear Stearns apply not just to March of 2008, but I think we're seeing already March of 2023. Even a small credit crunch can turn into really big problems in an economy that is highly dependent upon the constant circulation of credit.
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