4.7 • 1K Ratings
🗓️ 15 March 2023
⏱️ 10 minutes
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0:00.0 | Hello fellow Rebel capitalists hope you're well. |
0:02.7 | Wanted to do another live stream. I know we kind of shelved that for a moment. |
0:05.8 | But there's so much going on in the news today. I called Josh and said, hey buddy, |
0:10.4 | we got to get back on live stream. We owe it to our subscribers to the rebel capitalist community to keep them up to date as to all these events that are playing out in real time. |
0:22.6 | I mean, I have, Josh just text me, said, |
0:24.3 | I haven't seen anything like this since March of 2020, |
0:26.9 | and I would completely agree. |
0:29.0 | And I would go so far as to say, |
0:30.5 | we haven't seen anything like this since 1987 Black Monday. Let me tell you why. Let |
0:37.4 | get right into an article from CNBC and this is titled two-year Treasury yield |
0:42.0 | post-bigest three-day decline since the aftermath of 1987 stock crash. |
0:50.8 | Let me tell you a quick story. |
0:51.8 | I was in the gym this morning, just trying to process everything that has happened, and if you understand why Silicon Valley Bank went bust, you understand that it was really just them asleep at the wheel as far as their risk management. |
1:04.4 | So not to go off on a tangent, but I thought, well, maybe there could be some opportunities |
1:08.6 | in the banking space right now, you know, as Jim Rogers teaches us, you buy panic, sell hysteria. |
1:14.3 | So I was thinking, okay, where could I maybe take advantage of some panic here where there |
1:17.5 | shouldn't be any? And then I see this, two-year Treasury again, hosts biggest three-day decline since aftermath of 1987. |
1:28.0 | You say, oh, George, that doesn't sound like that big of a deal. |
1:31.0 | Yep, wrong. |
1:32.0 | And I didn't realize this. This whole weekend, I did not realize the two-year |
1:37.9 | Treasury has gone from basically 5% and this morning it was trading at 4% it's down 100 basis points |
1:50.6 | 100 basis points. |
... |
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