Thursday, July 8, 2021

Money got tighter, still

Wells Unexpectedly Shuts All Existing Personal Lines Of Credit, Hinting US Economy On The Edge

 

Uncle Milt would say, 'Money got tighter today than it was yesterday'. This is a rush to safety in the face of a global pause.

Markets are red, and CB yields down everywhere. Markets have figured out that su[[ly chain disarray is worse than we originally thought.

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