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JS's avatar

Consumer delinquencies are hitting multi year highs, meaning those credit cards will be maxxed out and turned off, and small businesses are getting their cost of credit jacked or pulled entirely. And ah yes, tax receipts are plummeting and US debt is against a ceiling. But mega cap carries on. What could possibly go wrong?

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derek's avatar

Thanks David. Great reminders about spreads. Cheers.

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