Investors looking for further proof of a ‘credit crunch’ just got it, says this strategist.

MarketWatch/Barbara Kollmeyer/4-10-2023

“Bottom line, Slok said ‘the immediate risks in the banking sector are starting to fade, but the behavioral change in the banking sector is beginning to weigh on the economic outlook. In short, the credit crunch has started.’”

USAGOLD note: With the Fed stepping in to provide unlimited liquidity to the struggling banking system, the focus has shifted to a different, and even more debilitating,  sort of danger – a credit crunch that could launch a recession.