Greetings, finance, again on the front pages.

When I see what's happening this week with Silicon Valley Bank and Credit Suisse, the first

thing that comes to mind is that scene from the movie Jaws where Chief Brody sees the size

of the shark for the first time and tells the boat's captain, we're going to need a bigger

boat.

I'm going to unpack this on this week's Frankly.

Greetings.

Oh boy.

So last week I did a frankly called loss aversion.

I record these on Tuesday or Wednesday for broadcast on Friday because Leslie and Lizzie put

in some graphics and music and such. But with the way the world is going, I had no idea

about Silicon Valley Bank or Credit Suisse or what was going on. So loss aversion was perhaps

relevant to many people and depositors paying attention.

So here's the deal with this podcast and my work.

This will never be an urgent commentary on what's going on now.

So if you are a investor or a speculator, this information is probably not helpful.

What I'm trying to do is look at the intermediate and long-term trends of society.

I'm very confident of my worldview for the next five to seven years. I really have very little idea what's going to happen the next five to seven months,

let alone the next five to seven days.

But I think this biophysical phase shift where our society is starting to lose confidence

in the money and technology are going to solve all our problems

and start to look a little bit closer, a little bit deeper as to what's really going on.

...