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The problem isn't just bank failures. What is causing them and what it is going to do.
Deflationary money leads to a deflationary economy which has to be disinflationary first. We keep getting "anomalies" in the monetary system (interest rate swaps and collateral) including another one this week. April's CPI already shows disinflation and more creeping into the US economy - particularly services. The two of these together will lead to falling CPIs...and more.
Eurodollar University's Money & Macro Analysis
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