The 2024 Bank Crisis Everyone Saw And Did Nothing

Money Tree Investing

Money Tree Investing Podcast

Stockmarket, Valuestocks, Investing, Finance, Passiveincome, Wealth, Business, Personalfinance

4.6 • 658 Ratings

🗓️ 15 November 2023

⏱️ 51 minutes

🔗️ Recording | iTunes | RSS

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Summary

2023 is almost over and we only had one bank crisis. It is a miracle there were not more this year. However 2024 is shaping up to produce a potentially massive banking crisis on the scale of 2008.

A 2024 bank crisis would surprise a lot of people, but at the same time everyone saw it coming and did nothing. Why? Good question. This has the making of the next black swan. Much like 2022 when the markets immediately dropped on the first day of trading. People just decided that it was time. Time will tell for 2024.

Also in the news... The last US treasury auction yielded poor results when no one showed up. Yields are not dropping like many predicted. And next year should be interesting.

For more information, visit the show notes at https://moneytreepodcast.com/2024-bank-crisis-555

Today's Panelists:

Kirk Chisholm | Innovative Wealth
Douglas Heagren | ProCollege Planners

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Transcript

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0:00.0	Welcome to the Money Tree Investing Podcast.
0:04.8	Stock market, wealth, personal finance, value stocks, invest in your life.
0:11.2	Hello, the Smart Money Tree podcast listeners.
0:13.0	Welcome to the sweet show.
0:13.9	My name is Kurt Chisholm and I'll be your host.
0:16.4	Today I'm joined again with my good friend Doug Hager.
0:19.2	Hey, Doug.
0:19.9	Again, for all of those, that's good news for some people and bad news for others.
0:25.1	Glad to have you on the show.
0:26.4	So let's kind of dive right in.
0:28.4	I know we've kind of gotten into this routine of talking about themes and mental models
0:33.0	at the beginning of the show.
0:34.4	Maybe I'll share some charts as a way to share a mental model.
0:37.4	But I do want to
0:38.2	start with some news. And this week, we had a treasury auction that no one showed up at. That didn't
0:43.2	go over very well. But, you know, it's funny because you see news that comes out and it says,
0:47.2	the world's ending or no one showed up or things are going to crash and the market's down like
0:51.6	half a percent or one percent. So I just think it's interesting
0:55.0	that if you stand back and look, and this is really hard, right, because we go through our
0:59.2	life and we want news, we're like, oh, this is going on. Oh, my God, I'm going crazy. And really,
1:03.7	it's not a big problem because the news tries to whip you up and they get that fear button.
1:08.6	They keep pressing that fear button to get you excited so you watch the news. But in reality, things aren't always as advertised. Take the markets,
	...

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