MacroVoices #368 Charlie McElligott: Banking Crisis, FOMC, 0DTE, CTAs & more
Macro Voices
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Is There Any Justification for the Deposit Outflows?
"There is honest to God, no justification at this point," he says. "Those types of banks don't work anymore." The bank's assets were basically a leverage long bond position, right? All those things are a function of easy money policy era and they're under tremendous pressure. But that's the exact picture. Like there is no edge, there is no rationale to not continue that flight".
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