5min chapter

Forward Guidance cover image

The Fed Won't Get their Soft Landing | Jim Bianco

Forward Guidance

CHAPTER

The Worst Performer of Financials

The financials can wind up being a good rental and I'll use that word that you know, maybe they're going to go up They've done well in the last few months But let's talk about financials in a bigger picture. The day after the stock market crash of 87 30 five years ago you are still underwater. 35 years later if you bought Deutsche bank today You are buying it at the same level it was at in 1983 when it was priced in Deutschmarks not euros. If you haven't been completely burned on owning banks or financials Just hang in there and you will because that business model is ripe for disruption.

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