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Citigroup's top US economist gives grim warning about cracks in the economy - saying problems could 'snowball'
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https://www.dailymail.co.uk/yourmoney/ba...hannel=rss&ns_campaign=1490&ito=1490
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many bank CEO now come out with warning, and all bank are on the edge, recession coimng, stock will crash big time,,
ho say lioa.
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It's a remarkable thing US economy and stocks can boom under such high jnterest rates..or is this an illusion ...a cliff effect ...
It's like throw boomerang....nothing happens for a while then it hits you
Fed also say jnterest rates change have variable lag for the effects. Because of the delay and financing tactics of company that fix the rates on their loans for a period...when they renew loans it hits then hard later.
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
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(27-05-2024, 12:05 AM)victortan Wrote: many bank CEO now come out with warning, and all bank are on the edge, recession coimng, stock will crash big time,,
ho say lioa.
Before the stocks crash big time, the fed just need to inject with interest rate cuts, the stocks will go up again. Fed is also waiting for crash.
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