World central banks have announced that they will provide billions in loans to smaller banks in order to lower interest rates and ease the availability of credit. While this sounds good in theory, it's more of what got the US into trouble in the first place - easy financing, with assets flowing to the lenders when the loans fail and are called in.
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In this Blog I will discuss Life the Universe and Everything, and maybe even Prairie Home Companion.
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11-15-2024
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