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While everyone and their mother is focused on Jackson Hole in anticipation of Federal Reserve Chairman Jerome Powell's speech later this morning I'd like to draw your attention to the fact that leverage in the system is right below historic highs.

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Discussion

₿ennett 4mo ago

Isn’t that just like saying the debt is higher than ever? I mean it has to right

Deleted Account 4mo ago

And the big print hasn’t even started yet! Thanks for flagging what they try to obfuscate Marty!

Filipe Martinho 4mo ago

Nothing stops this train 🚂

Benking 4mo ago

Everyone’s glued to Powell, but leverage is screaming red flags. When systemic risk hits historic highs, even minor shocks can trigger outsized market moves. Jackson Hole chatter won’t save you from real exposure.