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Big banks got hammered on Thursday

Por: MarketWatch Business March 10, 2023

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Does this mean traders think the funk is U.S.-centric and should thus damage the dollar? Or does it imply we are not anywhere near levels of planetary funkiness and so a rush to the greenback is not required? Goldman Sachs thinks the latter and is playing the easy listening music. In a note published late Thursday, the bank said problems illustrated by SVB are “idiosyncratic, not systemic.” Goldman’s credit strategy research team, led by... + full article



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