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| Just arose & updated your posts after I retired & I think something to watch over the next day or two is to note the length of time for the Senate to pass this package.
I recognize the Fed does not want to appear in a panic, but at this stage, so what? I am suspecting we may well see the 50 bp cut - or we should, put it that way.
To add a further comment, my long time friend, a bank owner, early last year offered one of his banks & a bidding war erupted among the giants..he sold it well & won't mention names here but the buyer asked him to remain in place on his correspondent relationships, as it was them; he had kept a line in the size of $3B....has waited & waited for their new program & let him know a few days ago he would have to deal in $10B units & he is now seeking a relationship offering a lower number. | |
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Dave, an exceptional read.
