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Friday gold wrap host Mike Maharrey has been saying something is going to break in the economy for months due to the Fede’s monetary tightening to fight inflation. Last Friday, something broke. It was the first crack in the dam. The Fed rushed in to plug the leak, but was it enough? In this episode of the podcast, Mike talks about the response to these bank failures and the possible ramifications.
You can visit the show notes page here: https://bit.ly/3ZUbxDX
-What caused SVB and Signature Bank to fail?
-The nuts and bolts of the bank bailout program
-The likely impact of the bank bailout program
-Inflation is still winning
-The next round of the inflation fight
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