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#916 Central Banks Are Showing Signs Of Extreme Stress

The Pomp Podcast

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Is Lebanon a Unique Situation?

The government of shrilanka announced that they will be unable to service their debt obligations, which essentially renders the country bankrupt. The situation in shilanka is a good example of what countries are facing at the moment. Once various commodities from oil to natural gas to wheat to fertilizer sky rocketed in price for two years, governments and central banks have been thrown curve ball after curve ball. Those in the strongest economic positions have been able to weather the storm, but the countries in a weak economic position are being exposed.

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