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The Huge Significance of Small Banks

What Goes Up

CHAPTER

Can the Fed Really Achieve a Soft Landing?

The risk in the banking sector now is that banks are beginning to tighten credit conditions. The IMF, where it always has been, says you will have a sudden stop in the economy. What we need to find out how severe is the credit contraction in the bank sector? That will determine how quickly the unemployment rate can go up.

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