2min chapter

Animal Spirits Podcast cover image

The Lender of Last Resort (EP.300)

Animal Spirits Podcast

CHAPTER

What If? What If?

Small banks account for 30% of all loans in the US economy. JP Morgan said slower loan growth by mid-sized banks could do like half to a full percentage point off a level of US GDP over the next year or two. Target maturity bond ETFs are getting more popular by the day and have brought in more than $15 billion in cumulative inflows over the past year.

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