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The banking panic is almost over, yet the Fed has already resumed the Great Financial Tightening. This will not only induce another credit crunch but boost the Fed’s global presence. The Jaws of the Fed™ are about to be unleashed... 1/
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Santiago Capital @SantiagoAuFund
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Apr 29, 2023
Well written. Although at the very end here I “might” disagree. Not sure dollar funding will be offered to “anyone”. I think swap lines will be used much more selectively than in the past. And IMO even those who do receive will have strings attached that did not previously…