AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
3min chapter
#1175 Raoul Pal On Bitcoin And The 2023 Financial Crisis
The Pomp Podcast
Why Are the Banks Under So Much Stress?
Banks make business by something called the steep yield curve. They borrow at, let's say, 2% interest rates and they lend it out to the market at 5%. That's a longer term duration that they take the risk on. The issue is the yield curve got massively negative. So people are incentivized to move their deposits because the rate of interest is actually the highest we've seen for a long time.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode