Can The Fed Keep Raising Rates Amidst A Banking Crisis? | Michael Howell
Inflection Point
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Is There a Crisis in the Funding Structure?
I think we're a lot nearer the peak than we were last week or 10 days ago. That doesn't say anything about the duration by which rates are going to remain at high levels. The world economy is saddled with this big debt pile. We've got to get rid of this debt. So if you have two low interest rates, that is an incentive for debt. Okay, taking on more debt. You can't go back to that world of very low interest rates. I think all these central bankers understand that point. But they keep jacking up interest rates and then create funding problems in the system. It's really walking a knife edge. In my view, what you've
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