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Debt deal “aftershock!”

Summary:
Lol… the good ole’ “crowding out!” Art degree thesis … yo it’s probably going to cause a short term >0B reserve drain at Depositories …. 🚀Markets will suffer a trillion aftershock once a debt limit deal is struck A supply burst to restock Treasury 's cash will raise short-term funding rates and tighten the screws on the US eco just as it’s on the cusp of recessionBy @mccormicklizhttps://t.co/WeW92l0b25— Saleha Mohsin (@SalehaMohsin) May 18, 2023

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lol… the good ole’ “crowding out!” Art degree thesis … yo it’s probably going to cause a short term >$500B reserve drain at Depositories …. 🚀




Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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