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It wasn't just a pivot, Powell admits the US economy is in trouble as unemployment has already started rising. While that's it's own can of worms, there are also more monetary and financial considerations related to what happened early in August. CLOs, collateral, stock market liquidations, all tied to what the Fed just agreed to. Eurodollar University's Money & Macro Analysis EDU YT Japan is buying MASSIVE Amounts of Junk Credit
https://www.youtube.com/watch?v=_a_2J6mU48o CNBC Jay Powell Jackson Hole
https://www.youtube.com/watch?v=zpiMF6bZ0sg Text of Powell Speech
https://www.federalreserve.gov/newsevents/speech/powell20240823a.htm https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU |
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