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#oil #recession #money #recession2023 #money #inflation #deflation #interestrates #dollar #economy #credit #interestrates #eurodollar #creditcrunch #bankcrisis
Yesterday, we compared today to 1990 from the perspective of an oil price shock. Today, the similarities in the credit environments. What we find out is first that credit matters and, second, the Fed and its models don't actually model credit. If this seems like a pretty big omission especially in light of the whole dot fiasco, it just might be huge.

Eurodollar University's Money & Macro Analysis

Jay Powell Press Conference Sept '23
https://www.federalreserve.gov/mediacenter/files/FOMCpresconf20230920.pdf

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Banks Might Not Survive This...