2min chapter

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The Panic of 2023 (EP.299)

Animal Spirits Podcast

CHAPTER

Will the Fed Cut Banks?

The inverted yield curve is uninverting a little bit, maybe signaling that we are going to recession. Will banks become uninvestable because their margins just get squished to basically nothing? We're going to be having congressional hearings about this. I think that there is a before and after SUV. It really depends on how shaken that trust is.

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