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The problem isn't just bank failures. What is causing them and what it is going to do.

Eurodollar University

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The Decline of the Core Rate

The core rate the core rate has basically done nothing it dropped down to a low level around five and a half percent year over year change. The annual rate in the month of April according to BLS 5.54% that was better than 5.60% last month but basically unchanged from February 5.53 and even January which was 5.55%. So there's still a little bit more room for the headline to fall but that's nowhere near what you want to see. But we see in shelter prices as I just mentioned those are starting to roll over, regardless of any economic considerations this is all about last year's housing bubble bursting.

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