“We have some major problems in our economy.” – ICAHN

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US banks sitting on unrealized losses of $620 billion

“The current interest rate environment has had dramatic effects on the profitability and risk profile of banks’ funding and investment strategies,” said FDIC Chairman

Robin Brooks: ‘The US disinflation story is over…. slowing has run out of steam and quarter-over-quarter (lhs) and 3-month (rhs) core inflation rates are ticking up. More Fed hikes are coming’

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