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Rapid Intensification

  • By Addison Wiggin, Special Contributor, Money Morning   •   Thursday, September 14, 2023
Author Image for Addison WigginAddison Wiggin

"The most difficult subjects can be explained to the most slow-witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded that he knows already, without a shadow of doubt, what is laid before him."

— Leo Tolstoy

In the August heat, Jennifer and I drove down the Western Shore of the Chesapeake, randomly looking at properties along the water, stopping for fried pickles and steamed shrimp at the Rumor Reel, a local’s marina in Pasadena, Maryland.

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The Fed has been talking about it for more than a year. Wall Street's analysts have caught on in the last few months, finally. Even the Fed's staunchest critics are starting to agree. I'm talking about interest rates.  More specifically, the likelihood that rates are going to stay high for a longer period. But I'm especially focused on the fallout for regional banks... Full Story »

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