Financial Events in 2023 So Far:
1. Mortgage rates pass 2008 highs at 7.2%
2. Credit card debt set to hit $1 trillion for first time ever
3. Regional bank crisis leads to 2nd and 3rd largest bank collapses in history
4. 30+ events mark a move away from the US Dollar
5. Fed…
— The Kobeissi Letter (@KobeissiLetter) August 2, 2023
