Mar 17, 2023
Summary:
John Rubino joins us in this episode to unpack the emerging banking
crisis, which has become extremely prevalent recently. Last month,
Jim Cramer said that Silicon Valley Bank was the pick of the
decade, and this week, it ceases to exist. The same is true for
Signature Bank, which was the only other bank that went bankrupt
this week—making that two failed picks from Jim Cramer in the span
of a year. It seems that the banks’ delayed reactions to yield
curve inversion have created confusion and misleading outlooks on
the economy. The yield curve inversion did not hurt the banks
immediately, but we are now at the point of inversion where it does
start to hurt the banks. Furthermore, even if a capitulation comes
sooner rather than later, we will still see a recession this
year—dissolving the illusion that we’ve been living under for so
long. Tune in for more insight.
Useful Links:
Financial Survival Network
John Rubino Substack