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Can The Fed Keep Raising Rates Amidst A Banking Crisis? | Michael Howell

Inflection Point

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The Inverted Yield Curve Is Exposing a Funding Problem in the Banking System

You can't correct the banking, the funding problems in the banking system until you got a upward sloping yield curve. Now what we're in is a world where credit is very dependent on collateral. And one of the things that the authorities have got to do is to get bond volatility down pretty quickly.

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