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Inflation On Collision Course With Bank Drama As Traders Brace
Just as the second-largest bank failure in US history easily overshadowed nonfarm payrolls last week
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A credit event is the ace of spades here, the Trump card. You can bin the other indicators for now.
I’m sitting here wondering if we’ve gone from out of control inflation to:
a) out of control deflation, or
b) hyperinflation
All in the course of a single weekend.