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New data shows eruption from banking crisis. The gory details force mainstream media to acknowledge.
The transmission from deflationary money to a deflationary economy was always going to come from a credit crunch. Updated data shows the banking system remains in a critical state which means taking proactive steps to freeze their collective activities in broad fashion. So much, even the mainstream media is reporting the gory details.
Eurodollar University's Money & Macro Analysis
A Corporate Credit Crunch Is Just Getting Started
https://www.bloomberg.com/graphics/2023-corporate-credit-crunch-bankruptcy-defaults
Twitter: https://twitter.com/JeffSnider_AIP
https://www.eurodollar.university…
The skinny
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