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“In 6 to 12 Months, We’re Going To Have A Big Problem” | Eric Basmajian & Joseph Wang
Forward Guidance
Bank Lending: A Lagging Economic Indicator
Bank lending is typically a lagging economic indicator. It doesn't provide me much view on what's going to happen in the future. When banks lend they basically create money, right? And if you have an inflationary world then everything costs more. So that's why it's important to raise rates so that nominal rates of their above inflation We're not even close to that yet.
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