How bad are the bank crashes: Zach Abraham of Bulwark Capital Management joins us Episode 810
The Todd Herman Show
Radio America
4.8 • 1.5K Ratings
🗓️ 5 May 2023
⏱️ 71 minutes
🧾️ Download transcript
Summary
From the time I began the research for the show and when Zach and I recorded, PacWest Bancorp went from a 39.3% drop in share prices to 60%. Two other regional banks are apparently crashing; I asked Zach the classic “on a scale of 1-10, how bad is this?” We also talked about how Anheuser Busch, parent company of Bud Light (the beer for people who like age-kink and men pretending to be overly sexualized little girls), is maintaining its stock price when they have lost $5 billion. I think it’s ESG investors propping up the stock, you will hear what Zach says. Somehow, we got on the topic of President Trump vs. Disney, why DJT is so effective on debate stages and diplomacy and we talked about the most annoying British woman in existence. Lastly, I am starting a quarterly challenge to celebrate the importance of doing hard things, Zach and I talked about some ideas, but we both want to hear yours.
What does God say?
Today, we had fellowship and respite in one another’s company. Thank you, Lord, for friends
The Importance Of Fellowship: A Study In Acts
Episode 810 Links
- This lady apparently knocked on a stranger’s door to complain about his letting his two-year old daughter wear pink often
- Anheuser Busch share price is still near its high for the year Yet Bud Light sales are down 25%; You have to maintain the boycott until the hedge funds cave in and sell. Do not relent
- BREAKING: Bloodbath in regional banks
• First Republic Bank gave Mark Zuckerberg a 1.05% mortgage rate in 2012, when the average 30-year rate was 3.5%
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Transcript
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| 0:00.0 | It's Friday, and it's the second hour, or as we say in podcast land episode 810, which |
| 0:08.4 | means my friend and brother Zach Abraham is here, chief investment officer, borrower |
| 0:12.2 | capital management. |
| 0:14.4 | And we talked about a lot of stuff. |
| 0:15.7 | We just got done recorded, and it was a bit of a Friday, a broad session, but really |
| 0:21.5 | interesting. |
| 0:22.5 | Got a lot out of the Zach, I didn't expect to get some political views, some views on |
| 0:27.3 | the Sanctus versus Disney and Trump and President Trump and Disney and Donald Trump Jr. |
| 0:34.2 | coming to the defense of Bud Light and the Bud Light stock and how his aunt has her bushes |
| 0:38.8 | stock maintaining its status while Bud Light has dropped, they've lost 6 billion in revenue. |
| 0:45.2 | So we talked about that, we talked a lot about the banking crisis. |
| 0:50.3 | Also Zach has an idea for his kids, because I said, hey, how are your BIPOCs? |
| 0:55.7 | He has an idea about maybe calling his kids his BIPOCs. |
| 0:58.8 | We also talked about this insane video out of England where Lady goes to Guy's house |
| 1:04.6 | and says he shouldn't dress his daughter in pink. |
| 1:07.9 | But as you'd expect, bulk of what we talked about or at least a good part of it was this |
| 1:12.6 | banking scandal and I asked Zach about, you know, is this the thing we're worried about? |
| 1:17.5 | Is this that bad and yet this among many things to say? |
| 1:21.3 | So this is one of the reasons that we were talking about for several years about how we |
| 1:24.6 | believed the Fed was painting themselves into a corner. |
| 1:27.6 | Okay, so the actions that they were taking, 0% interest rates, quantitative easing, all |
| 1:33.2 | the fiscal stimulus, all the stuff that they've done, right? |
... |
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