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The global market crash everyone sees but no one wants to talk about.

Eurodollar University

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Why Are Banks Tightening Lending Standards?

Banks are already confronting their mistakes and saying, we need to get ahead of them before they make a Silicon Valley bank. I don't think it matters really what the economy does from here, though the economy getting worse makes it worse for commercial real estate. We got to hang on for dear life here if we get another kind of liquidity run, which means they have to clean up much faster,. They do it with a blunt instrument rather than going through with a scalpel making minimal changes. And when it doesn't work, who knows what the Fed will come up?

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