I'm curious to hear why you aren't a fan of L. Zhang. I see her data as invaluable, and her analyses seem spot on. Interbank lending seems pretty prophetic. I reckon raising interest rates is intended to trigger collapse, by making the deficits the US has been generating unpayable, and terminating interbank lending seems designed to augment this by promoting runs on banks.

I'd appreciate your thoughts. I do count on contrarian views, and yours seems to be one.

Thanks!