WHY ARE WE BULLISH? Greg Foss, Rob Simone, Joe Hall ep291
BTC Sessions
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Is Consumer Credit Going to Fall Off a Cliff?
Fosses: The banks are regularly insolvent. Consumer credit is going to fall off a cliff, and nominal consumer debt are gong to be credit losses to the banks. And so i think that's what fas was alluding to. I was just trying to add to it a little bit, in a way, in a useful wayabsolutely, it's very useful. It's a fancy way of saying that, like contagion it's going to, if it gets bad, it's going to happen quickly, and it'll spread fast.
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