8-21-2023 – Fitch Ratings Warns It May Be Forced to Downgrade Dozens of Banks
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 21 August 2023
⏱️ 47 minutes
🧾️ Download transcript
Summary
Apparently, the U.S. banking industry has inched closer to another source of turbulence — the risk of sweeping rating downgrades on dozens of U.S. banks that could even include the likes of JPMorgan Chase.
Today's Stocks & Topics: A-I Funds, LEG - Leggett & Platt Inc., XOM - Exxon Mobil Corp., China Growth, BTI - British American Tobacco PLC ADR, STNE - StoneCo Ltd. Cl A, SQM - Sociedad Química y Minera De Chile S.A. ADR, T - AT&T Inc., VZ - Verizon Communications Inc.
Justin's PERSPECTIVE looks at a brief history of fiat currency failures.
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Transcript
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| 0:00.0 | At a time, when investors are confronted with market volatility and a variety of challenges |
| 0:11.6 | fueled by the uncertainty of inflation, unsettled geopolitical tensions, and economic pressures, |
| 0:19.1 | just in climb and Steve Peasley, stand ready to take your finance and investment questions |
| 0:24.1 | and share their unbiased answers. |
| 0:27.3 | This is Invest Talk, independent thinking, shared success. |
| 0:32.6 | Invest Talk is made possible by KPP Financial, a registered investment advisor firm serving |
| 0:37.9 | clients throughout the United States. |
| 0:41.2 | The clarity for your path forward starts now. |
| 0:45.6 | Here is KPP Chief Executive Officer, Financial Advisor, just in climb. |
| 0:53.2 | Good afternoon fellow investors and welcome back to Invest Talk. |
| 0:57.2 | This is our Monday, August 21st, 2023 edition. |
| 1:00.7 | I am Justin Klein and I'm excited for this hour with you to help prepare you for the |
| 1:07.1 | reality of markets and economies. |
| 1:10.6 | A new regime has entered the economic fray and that means new challenges. |
| 1:21.8 | New understandings of the way the world is starting to work is vital to making your investment |
| 1:33.1 | decisions, not relying on in the last 30 years of financial repression and low interest |
| 1:40.9 | rates and low inflation, you know, that's all changed. |
| 1:44.8 | So I'm here to help guide you finding that gray area that is closer to reality. |
| 1:56.1 | So many people look at black and white, should I buy or sell, you know, instead of trimming, |
| 2:01.8 | very few people think of trimming positions, for example, happens in politics, right? |
| 2:07.1 | I'm either left or right and it's hard for people to find nuance. |
| 2:14.4 | What's really what's about or the world is filled with nuance and sometimes that nuance, |
... |
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