MacroVoices #368 Charlie McElligott: Banking Crisis, FOMC, 0DTE, CTAs & more
Macro Voices
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Why Not Too Big to Fail?
The biggest risk here is what I'm calling the why not too big to fail trade. Once it gets going, that's self-enreinforcing and I'm not sure what anybody could do to unwind it. And ultimately, you know, in a fractional reserves banking system, the global economy will get toasted because these banks are going to go into zombie mode at best.
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