Last time was 2007-08. Recession or worse is all but certain.
Bank Credit is contracting for only the 2nd time in history. The other time was during the Global Financial Crisis. pic.twitter.com/nQhX7AOgA7
— Barchart (@Barchart) October 16, 2023
The Fed is playing with fire here
Monetary policy is the tightest its been in 4 decades
At this rate, something is bound to break
Typical Fed pic.twitter.com/ekZ0EVMmB1
— Bravos Research (@bravosresearch) October 16, 2023
h/t Fairly F**ked