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Bent just wrote about liquidity crunch with UBS. It appears cracks are forming. Scary stuff
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It needs a number of credit events to break them. But yes, they are brewing in the banking sector if You see unrealized losses. They need to inflate the bond market asap and to prevent real estate (both collaterals) from further declining.
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I can feel the vibes... but now I bitcoin
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We too I guess
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Citibank fired 8k employees last week, banks starting to feel empty pockets.