#1174 EMERGENCY PODCAST: The 2023 Financial Crisis Has Begun
The Pomp Podcast
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The Federal Reserve Increased Their Balance Sheet by $300 Billion
Last week, the Federal Reserve increased their balance sheet by nearly $300 billion. The increase means that the Fed is now placed in an impossible situation. There is a lose, lose scenario in front of us. If the Federal Reserve continues conducting quantitative tightening and they continue to hike interest rates, it is very likely that we will spiral into a major banking crisis," he said.
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