The Credit Strategist

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Synchronized Drowning
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Synchronized Drowning

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The Credit Strategist
Jun 22, 2023
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Synchronized Drowning
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Central banks across the world engaged in what almost appeared to be a synchronized series of rate hikes today to continue the fight against inflation that they will never win until the world enters a debt-deflationary spiral that destroys much of the debt created since the Great Financial Crisis. That destruction can take one of three forms: (1) defau…

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