"The Default Cycle Has Officially Started"

Apr 19th 2020 11:50am EDT

“The Default Cycle Has Officially Started” We didn’t really need any more confirmations. In recent weeks, as the US economy came to a screeching halt because of the coronavirus pandemic, we have seen banks take over $20 billion in reserves  in anticipation of a looming default wave (a five-fold increase if not nearly enough based […]

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