We devote today’s podcast to discussing US financial and economic developments. We start by providing an update on the digital dollar and why Washington is caught in some of a quandary. We then move onto the downgrade of US banks by Moody and why we are now witnessing deposit outflows from unlikely sources. We then assess current US bankruptcy and US earnings data which contradicts the narrative coming out of the Fed with regards to the US economy. We conclude discussing why the recent demise of Yellow has far reaching implications in the very interconnected world we now live in.
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