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The case for a stagflation stress test

Por: The Hill Business April 03, 2023

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Bank runs happen slowly at first, then fast. The recent failures of and Signature Bank seem no different. Their rapid asset growth over the past three years, mostly in long-term bonds, was fueled by unsecured deposits tied to their undiversified base of loan clients. While the unprecedented scale of Federal Reserve and government stimulus following the pandemic clearly contributed to the , the promise of low-for-long rates led to a search for... + full article



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