We start today's double podcast discussing why small and regional US banks are impacting the US credit markets and by extension the economy and the risks this poses to them. We then move onto concerns with respect to EU and UK capital outflows and concerns about risks QT poses to EU sovereign nations. We then discuss concerns with US Commercial Debt which highlights another potentially significant impact to the US economy and financial system and why western central banks credibility really does matter. We conclude discussing recent developments between China and Saudi Arabia and a recent LNG trade which is symbolic and indicative of future changes in global energy markets.

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