Want to create an interactive transcript for this episode?
Podcast: The Dividend Cafe
Episode: The DC Today - Wednesday, May 24, 2023
Description: Today's Post - https://bahnsen.co/3Mxdgto
While everyone tosses and turns about the debt ceiling debate in Washington, I want to remind everyone what is the real scenario playing out in the economy. The Fed’s tightening may or may not “succeed” in their mission to destroy those inflation-creating jobs (their words, not mine), but it certainly will succeed (and has already) in tightening credit. Essentially a trillion dollars leaving the banking system is a lot less monetary base for lending. Funding costs for banks are much higher. And overall bank lending is collapsing. These things are al...