#1205 Cullen Roche | The Disastrous 2023 US Economy Explained
The Pomp Podcast
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The Flip Side of Inflation
Banks aren't like trying to do something real sexy. They're not trying to operate the world, world-killing business like a big, you know, high-flying tech company would be. And that simple business model is broken right now because there just isn't a lot of demand at eight percent to make that model sustainable. The good news as it pertains to like a banking panic and the Fed is that the Fed went through all of this in 2008.
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