Will Bank Collapses Be Contagious? with David Woo

Mar 14, 2023

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Interview recorded - 11th of March, 2023

On todays episode of the WTFinance podcast I had the pleasure of speaking with David Woo - A former top ranked Wall Street strategist, IMF economist & Founder of Unbound - a global forum devoted to the promotion of fact-based debates about markets, politics, and economics.

During our conversation we spoke about the SVB collapse, why it wont lead to a banking crisis within the US, what the aftermath of the collapse will be and changing macroeconomic trends. I hope you enjoy!

0:00 - Introductions
0:23 - How did SVB collapse, what it means for the banking system and the future?
9:20 - Is there risk for B2B heavy banks?
15:25 - Other institutions exposed to long duration bonds?
19:25 - Ignoring interest rate risk
23:22 - What is the aftermath of SVB?
27:00 - Changing trends
29:40 - Will China be investable?
35:40 - One message to take away from our conversation?

David Woo is the Founder/CEO of David Woo Unbound, a new global forum devoted to promoting fact-based debates about markets, politics and economics.

Until 2021, David was the Head of Global Rates, Foreign Exchange, and Emerging Market Fixed Income Strategy & Economic Research at Bank of America, where he managed the top ranked global macro strategy team on Wall Street. Previously, David was the Head of Global Currency Strategy at Barclays Capital and the Head of Local Markets Strategy for Central and Eastern Europe, Middle East and Africa at Citigroup.

David is known on Wall Street for his bold and out-of-consensus calls that includes the RMB devaluation in 2015 and Trump’s victory in 2016. He was also the first Wall Street analyst to initiate coverage on Bitcoin in 2013. Business Insider voted David as one of the 12 smartest people on Wall Street in 2016 and Bloomberg calls him one of the “most outspoken voice on Wall Street."

David started his career at the International Monetary Fund in Washington D.C.. He received his Ph.D in Economics from Columbia University.

David Woo -

Website - https://www.davidwoounbound.com/
YouTube - @DavidWooUnbound
Twitter - https://twitter.com/Davidwoounbound

WTFinance -

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