Debt Ceiling, Hollywood Strike, Fed, and Banks (Podcast)
Bloomberg Intelligence
00:00
The Fed's Subsidy of the Banking System
A quarter of a trillion over here since the deregulation so that will need to be reassessed. Money market funds are being subsidized by the fed which is very different from the financial crisis. There's still savings from the pandemic there's other good reasons why businesses can prosper but the tightening of financial conditions means you know we slip into recession, he says.
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Transcript
