20230321-Deflation? Depression? Are You Scared Yet?

Credit Suisse caught the flu from the Silicon Valley Bank collapse, getting bought out with 17 billion Swiss Francs written off.

17 Billion dollars of economic activity just went poof...that's what deflation looks like. What a depression looks like.

Welcome to the unwinding of the debt supercycle, the 4th generation economic crisis.

We play around a lot with definitions to pretend we're not in a major recession.

Spoiler alert, we are.