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The Next Big Test for Stocks | WAYT
The Compound and Friends
The Banking Crisis and the Risk of a Liquidity Crunch
US consumer borrowing did slow to a more than two year low in May, reflecting the first decline in non-revolving credit since the onset of the pandemic. Total credit rose $7.2 billion, a smallest advance as November. The thing that I was worried about during the banking crisis is that there was going to be this larger retrenchment in lending to mainstream businesses. You're worried about a liquidity crunch? 100%.
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