This is one of those times when a combination of serious, negative pressures will test the U.S. financial system. The test is potentially disastrous because the past actions of the Federal Reserve and the U.S. Government will be of no help. That’s because their actions created the pressures (think inflation and over-leverage).
For example, The Wall Street Journal today (Aug. 7) highlighted one pressure in, “A Real-Estate Haven Turns Perilous With Roughly $1 Trillion Coming Due.” (Underlining is mine)
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