#1205 Cullen Roche | The Disastrous 2023 US Economy Explained
The Pomp Podcast
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The Banking Crisis Plays Into All of This
Banks are having trouble adjusting to this new normal where, I mean, a bank could borrow it zero and lend it three. And so what's happening now is that banks have losses on all the assets that they own That were interest rates sensitive. They've got, you know, hundreds of billions of dollars.
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