Previous post Next post

Why Bank Math is Like Abbott & Costello

(3/17/23) Bank math is a lot like Abbott & Costello math; the main issue with banks is lack of mark-to-market; SVB problem was it's the tech-darling, whose product was sub-prime business loans based on "social credit." (See "The Panic of 1907"). How diversity and equity nearly crashed the economy (NY Post). Is the Fed's 2% inflation target realistic? The ECB continues to raise rates; what will the Fed do? Credit Suisse and First Republic: Euphoria vs reality? Why more Americans under-estimate Social Security benefits. Including sequence of returns in financial planning; everything is rosy at brokerage firms, and the answer for every question is stocks. The "S" in ESG is stinky. The luck of retirement in the economic cycle; the 4% Rule is a lie. Janet Yellen calls Jamie Dimon; hilarity ensues; Credit Suisse bail out vs realization that some things cannot be fixed; Labor & Demographic trends: Effects of inflation, prices are not going backwards; seniors going back to work. IQ vs EQ (emotional quotient).
2:46 - SVB, Abbott & Costello, and Bank Math
14:08 - How Diversity and Equity Nearly Crashed the Economy
30:01 - Under Estimating Social Security Benefits
14:01 - Janet Yellen Call to Jamie Dimon;
45:27 - Inflation that Cannot be Fixed
Hosted by RIA Advisors Director of Financial Planning, Richard Rosso, CFP
Produced by Brent Clanton, Executive Producer

The latest installment of our new feature, Before the Bell | "Credit Suisse Gets a Bailout" is here:
Our previous show is here: "Why the Credit Suisse Bailout is Significant: SIFI"
Articles mentioned in this podcast:
"Bank Runs. The First Sign The Fed “Broke Something.”"
Get more info & commentary:
SUBSCRIBE to The Real Investment Show here:
Register for the next Candid Coffee on Long Term Care April 1, 2023:
Visit our Site:
Contact Us: 1-855-RIA-PLAN
Subscribe to SimpleVisor:
Connect with us on social:
#InvestingAdvice #CreditSuisee #CPI #Inflation #FederalReserve #SiliconValleyBank #Bailout #RateHike #BankRegulation #Markets #Money #Investing
Full story here Are you the author?
Lance Roberts
Finally, financial news that makes sense. Lance Roberts, the host of "StreetTalkLive", has a unique ability to bring the complex world of economics, investing and personal financial wealth building to you in simple, easy and informative ways but also makes it entertaining to listen to at the same time.
Previous post See more for 9a.) Real Investment Advice Next post
Tags: ,

Permanent link to this article:

1 ping

Leave a Reply

Your email address will not be published.

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

This site uses Akismet to reduce spam. Learn how your comment data is processed.