Christopher Whalen, Chairman of Whalen Global Advisors, and author of the Institutional Risk Analyst newsletter, joins the show to explain how SVB's mismanagement and the Fed's lack of awareness of the impact of rising interest rates, brought the 40-year financial institution down. We also look into the overall health of the nation's banks amid these rising rates, and the prognosis isn't great. Also, commodity prices have come way off their highs and could lead headline inflation lower, at last.
LINKS FOR SHOW NOTES:
https://www.birinyi.com/index.php/newsletter-service.html
https://www.fdic.gov/news/press-releases/2023/pr23016.html
www.investopedia.com/what-to-expect-for-the-markets-next-week-4584772
https://www.fdic.gov/news/press-releases/2023/pr23016.html
www.investopedia.com/terms/f/fdic.asp