Episode 13: Weekly Update 07.17.2023
Peter St Onge Podcast
00:00
The Disconnect Between Economy and Markets
A new report from the FDIC says America's four biggest banks have a total of 205 billion in unrealized losses. This is akin to losing money at the casino and telling your wife it's all there because you'll make it back next time. It's also why Janet Yellen, Jerome Powell are as nervous as cats in a room full of rocking chairs chanting that banks are 100% rock solid.
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