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Ep 264 Greg Foss And Guy Swann: Economic Deep Dive Round 2

Liberty Lockdown

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Banks Are a Very Risky Business

Banking is a very risky business. It's particularly risky when it's staffed by incompetent managers. The management team of the Silicon Valley bank, it's almost too funny to be true. And then you have this like interest rate mismatch that's looks really good when you have an upward sloping yield curve. But as soon as the yield curve inverts and you're getting squeezed on your profitability on both ends, you're in big trouble.

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