AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
2min chapter
Why Bank Money Is “Disappearing” | Patrick Perret-Green
Forward Guidance
The Coming Hit in Delinquency
What banks are paying is changing rapidly as the Federal Reserve raised interest rates from 0 to 5%. First republic's problem was a Nim problem they just were not earning enough on their assets. If you actually get a mark to market problem if you were a liquidation point then you're just going to realise a huge loss in the bankrupt. The coming hit in delinquency as well so that's the other side of it when the bank and we already seeing things like credit cards that particularly amongst younger demographics it's the delinquency rates that are already surging.
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