The Compound and Friends cover image

The Bank Run of 2023

The Compound and Friends

00:00

The S&P 500, the KRE, the Regional Banks

The Federal Reserve's job is literally financial stability. How's that going? In this case, they did what they had to do. It was absolutely necessary. However, to some years point, banks run on confidence. And the problem with that is these banks are local to their local economies. They are the lifeblood of the American business. If everything goes to JPMorgan Bank of America, they're not going to be able to service these smaller accounts. So this is a real, real, real big problem. Yeah, I think we all agree.

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