Economic Developments
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In our last issue (Circling the Drain \- January 26, 2023), we noted that, the Federal Reserve was wedged between two outcomes: Outcome #1 respond to weakness in data indicating the US economy was headed into recession but risk re-igniting ...
In our last issue (Pulling The Plug \- October 27, 2022), we noted that, while a fair bit of time had passed, we were still likely only in the early stages of repricing, e.g. most repricing had been a function of liquidity reduction and res...
The King is Dead…Long Live the King (Part Deux):
The Beatings Will Continue Until Morale Improves (Part Deux):
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