Hello fellow Rebel capitalists hope you're well so I know the question on everyone's mind after this weekend

and the complete collapse of Silicon Valley Bank and signature and tons of others under extreme pressure right now on Monday as we speak.

This could be the Black Monday for regional banks, who knows.

But the question I'm sure on everyone's mind is will the entire banking system

fail? If not today, maybe some point in time throughout the rest of 2023. Maybe that's what the yield curve has been predicting.

Well, that's a very difficult answer,

but to get some insights, let's go right to my good buddy Joseph Wang's website.

He's Fed Guy 12 on Twitter. good buddy Joseph Wang's website.

He's Fed Guy 12 on Twitter.

And as most of you know, he used to run the New York trading desk

or the New York Fed's trading desk.

So he was actually in charge of doing quantitative easing

and quantitative tightening.

So he was interacting daily with the huge banks

and the primary dealers.

So let's go over to his website because he just came out with a post addressing this question.

Hidden to market and I can't recommend Joseph's Twitter and his blog enough, it's

Fed Guy.com.

So he says there's little risk of a crisis in the banking sector, but that does not mean there aren't

badly run banks. QE-Bazl 3 have made the banking sector significantly more liquid and

resilient such that a replay of the GFC is very unlikely.

I want to be specific, a replay of the GFC as far as this banking crisis with mortgage

...