6-21-2023 – Has the FED Destroyed the U.S. Banking System by Making It Essentially Insolvent?
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 22 June 2023
⏱️ 47 minutes
🧾️ Download transcript
Summary
At least one high profile economist says that bailing out depositors of failed banks was a mistake that will cause greater instability in the banking system and larger future losses.
(Could he be right?)
Today's Stocks & Topics: SCCO - Southern Copper Corp., FCX - Freeport-McMoRan Inc., CWCO - Consolidated Water Co. Inc., CCL - Carnival Corp., Factory Building, Investment Loss, Liquidity and Debt Ceiling, NFLX - Netflix Inc., GOOG - Alphabet Inc. Cl C.
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Transcript
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| 0:00.0 | This is Invest Talk, independent thinking, shared success. |
| 0:09.0 | Just and client and Steve Peasley, stand ready to take your finance and investment questions |
| 0:14.2 | and share their unbiased answers. |
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| 0:26.2 | The clarity for your path forward starts now. |
| 0:30.5 | Here is KPP Chief Executive Officer, Financial Advisor, Justin Klein. |
| 0:37.7 | Good afternoon fellow investors and welcome back to Invest Talk. |
| 0:41.3 | This is our Wednesday June 21st, 2023 edition. |
| 0:44.7 | I'm Justin Klein and I'm excited for this hour to help you become a better investor. |
| 0:49.6 | I'm going to give you a lot of data and perspective over 20 plus years of investment experience |
| 0:55.6 | and of course going to blend today's comments with what you, the listener, provide to me |
| 1:02.0 | us which is questions, topics that you select and that means you set the table and your |
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| 1:17.1 | Instead we take what you throw at us live in real time and we're committed to give |
| 1:25.2 | you the best answer that we can with that perspective and that data that we've had. |
| 1:33.5 | So no agenda just here to help you make, help you take that next step in your path towards |
| 1:41.0 | financial freedom and I encourage you to do a few things, try to weed out the natural |
| 1:48.9 | inclination to use emotions, fear and greed and focus on the data that's in front of |
| 2:00.2 | you, not the narrative but the data. |
| 2:04.4 | Don't chase headlines, don't be tempted to chase returns. |
... |
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