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To believe that this is a and one off and you have this under control, you have to believe that three years of massive fiscal policy spending thaten we ve never seen beforea limite will have only a limited impact on the financial plumbing of the economy and the markets. th absurd.eems absurd. thanks take roscoe banks take risk and all particuls took the type of risk these guys were taking, particularly what short termie liabilities and long term assets mismatch. you put that together. that is that is it. that s toxic. toxic indeed.oxic indeed, he s percen he s hundred percent correct. now, this isn t two thousand thu eight , at least not yet.singly on the housing bubble burst it completely. it s a bailout triggered by risky moves by the bank.epos the depositors precipitated by the biden team s refusal to deal with inflation back in early twenty , twenty one . instead, what they did is they spent spent tril of dollars, printed people wrove up inflation. ....

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