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#1205 Cullen Roche | The Disastrous 2023 US Economy Explained
The Pomp Podcast
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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