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Did The Federal Reserve Just Back Down? | Joseph Wang

Inflection Point

00:00

The Credit Boom Is About to Be Over

Last year, we had record, record big credit growth. Now heading into this year, banks were tightening credit conditions and bank lending was slowing down significantly. Two things are happening: Fit is hiking rates, less demand for loans. And secondly, banks are aware that there's an economic cycle. So when you're hitting into an economic cycle, you got to cut down on lending.

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