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An Update On The "March Banking Panic" | Weekly Round Up

Inflection Point

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The Fed's Balance Sheet Is a Single Source of Truth

The Fed's balance sheet has generally correlated to monetary easing of some kind, or call it the Fed is basically stepping in and intervening with showing that there's signs of a pivot. But when banks are using this new BTFE facility or the discount window, that should be seen as a lifeline to banks. That means that the banking system is in trouble,. And that is not a time to flip bullish.

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