The banking crisis should scare the s*** out of you

Wall Street Unplugged - What's Really Moving These Markets

Frank Curzio

Business, News, Commodities, Debt, Investing, Macroeconomics, Gold, Personal, Uranium, Oil, Economics, Business News, Geopolitics, Industry, Crypto, Stocks, Curzio, Trading, Finance, Research, Investments, Tokens, Talk, Crisis

4.5 • 1.1K Ratings

🗓️ 15 March 2023

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

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Summary

The market is punishing the entire banking sector following the collapse of Silicon Valley Bank (SVB) and Signature Bank (SNBY). I start today’s show by explaining why SVB failed—and why the government bailed it out. I also highlight how the situation has f***ed over the Federal Reserve… and whether a 50-basis-point rate hike is still on the table at next week’s Fed meeting. The bottom line: The market is in for a lot more pain. That’s why I keep pounding the table on why Moneyflow Trader is a “must-have” service to protect yourself in this market. I want everyone to have access to this incredible strategy—which is why I’ve discounted Moneyflow Trader by 90%. And make sure to join us for tomorrow’s WSU Premium, where Daniel and I will break down the market chaos in more detail—and share one stock that’s being unfairly punished amid the banking crisis. In this episode Why Silicon Valley Bank failed [1:20] The Fed is f***ed [9:05] Why the government bailed out SVB [12:38] How to protect yourself in this dangerous market [26:10] Don’t miss tomorrow’s WSU Premium episode [34:50] Enjoyed this episode? Get Wall Street Unplugged delivered FREE to your inbox each week: www.curzioresearch.com/wall-street-unplugged/ Wall Street Unplugged podcast is available at: --iTunes: itunes.apple.com/us/podcast/wall-street-unplugged-frank/ --Stitcher: www.stitcher.com/podcast/curzio-research/wall-street-unplugged-2 --Website: www.curzioresearch.com/category/podcast/wall-street-unplugged/ Twitter: twitter.com/frankcurzio Facebook:. www.facebook.com/CurzioResearch/ Linkedin: www.linkedin.com/in/frank-curzio-690561a7/ Website: www.curzioresearch.com

Transcript

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0:00.0	Wall Street Unplug looks beyond the regular headlines, heard on mainstream financial media
0:07.0	to bring you unscripted interviews and breaking commentary direct from Wall Street, right
0:11.6	to you on Main Street.
0:13.6	It's going out there, it's March 15th.
0:18.4	I think it's just the Wall Street Unplug Pockets, we're breaking the headlines, and uh...
0:29.1	let's say what's really moving these markets.
0:33.8	Just coming on, they shoot the breeze with you, not really going on this week.
0:37.7	Oh, we cow.
0:41.7	So having bank failures, people worried, they're coming out with a special facility, supposed
0:49.6	to short the markets, everything's okay, yet you're still seeing banks get crushed, banks
0:54.5	overseas.
0:55.5	I would say the news right now, the Silicon Valley Bank went under, I'm sure you're familiar
1:02.3	with it.
1:03.3	You can watch it on every single channel, not just the CNBCs, Fox, business news and things
1:09.0	like that.
1:10.0	Today, show everybody talking about it, because impacting other banks.
1:15.4	And Silicon Valley going under, they're quick to point out, this is the second largest
1:18.8	bank that ever went under, it's not a small bank.
1:22.2	It's actually the 16th largest of the U.S. based on their assets in total deposits.
1:27.4	So the assets before this happens, 200 billion assets and 135 billion total deposits.
1:31.9	Now, just to put this in perspective, this is the 16th largest.
1:35.4	Think of like a 16th best player in the NBA.
	...

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