2min chapter

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Crowdfund Your Ideas with Bitcoin at Geyser.Fund, CEO and Founder Mick Morucci - May 2nd, 2023

The Café Bitcoin Podcast

CHAPTER

The Unwinding of the Global Economy

This is a new low in KRE on the year even after yesterday. The other thing you guys should keep your eye on which I think is far more telling than the regional bank stock ETF is the energy sector. You may recall that a few weeks back, the Saudis announced cuts, production cuts to oil and we're down 8%. That's a massive move in a day. And in my mind, that's the real barometer for the banks. They're kind of a sideshow. Regional banks don't contribute more than like, I think it's a 20th of GDP. But with energy and free fall, that is telling you very, very ominous things about the global economy.

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