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May 05 2023


  • May 5, 2023

We have no special insights into the likely depth or duration of the banking crisis, but the impact on credit has already been severe. That might seal the fate of the economic expansion. It’s worth noting that in 2008, the recession seemed to have “caused” the credit crunch—not the other way around. 


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About The Author

Doug Ramsey / Chief Investment Officer & Portfolio Manager