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LBRY Claims • credit-cycle-begins-to-break-down,

b56f45de3ec4274bd3751afa2230975fcaf27f8c

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24 Jun 2022 01:53:08 UTC
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Credit Cycle Begins To Break Down, Consumers Are Maxed Out As Interest Rates Soar
Jamie Dimon made upbeat comments on credit and the US economy at the WEF meeting in Davos yesterday, despite weak stock markets and worsening growth indicators - today's miss in the flash PMI is a case in point. Banks seized on his comments, but as the credit cycle flips and GDP slows, they face an increasingly difficult situation.
Outperformance in the banking sector is more strongly tied to longer-term yields than the yield curve, and it is the most susceptible to fluctuations in yields.



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