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Credit and the State of Credit Markets

by Larry Chiang on September 7, 2023

Danielle DiMartino Booth

⁦‪@DiMartinoBooth‬⁩

“Banks’ exposure is even bigger than commonly reported. The banks are in danger of setting off a doom-loop scenario where losses on the loans trigger banks to cut lending, which leads to further drops in property prices and yet more losses.”

cc ⁦‪@TheBondFreak‬⁩

9/6/23, 7:27 AM

WordPress’d from my personal iPhone, 650-283-8008, number that Steve Jobs texted me on

https://www.YouTube.com/watch?v=ejeIz4EhoJ0

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