80% Of Banks 'Going Down’; $9 Trillion Of Debt Due Soon | Christopher Whalen

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Christopher Whalen, Chairman of Whalen Global Advisors, discusses the risks to the banking sector, opportunities for investors, market outlook, and current labor market conditions.

*This video was recorded on July 19, 2024

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*This video is not financial advice. The channel is not responsible for the performance of sponsors and affiliates.

0:00 - Intro
1:00 - Market outlook
2:50 - Banking sector
6:50 - Liquidity issues
8:30 - Commercial real estate
9:50 - Debt maturing
13:20 - Unemployment
15:27 - Housing affordability
18:00 - Inflation outlook
20:15 - Liquidity crisis?
22:00 - De-dollarisation
26:10 - Fed policy
30:55 - Fiscal policies
32:10 - Tariffs
34:54 - Risk-on sentiment
36:00 - Banking consolidation
40:30 - DeFi and crypto

#economy #investing #stocks

[TheDavidLinReport]

Purchase shares in great masterpieces from artists like Pablo Picasso, Banksy, Andy Warhol, and more.

Christopher Whalen outlines risks AND opportunities for investors, especially in the banking sector.

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[WillieNickell]

The bank crisis isn't over yet, and experienced individuals know credit crises don't end quickly. Some find it amusing that some think it's resolved, but in reality, we're headed for a major economic downturn due to this credit contraction.

[JefferyDuns]

Really, banks require more regulation. The entire idea of banking as "let's gamble" is terrifying. Because they discovered in 2008 that the government will always bail them out, there are no repercussions. These bank crisis are so worrisome. This whole financial crisis and the Great Recession posed the most significant macroeconomic challenges for the United States in a half-century, leaving behind high unemployment and below-target inflation and calling for highly accommodative monetary policies. And this is only the beginning

[NicholasBall]

About the current bank situation, I'm really concerned. I am worried about a lot more if a bank the size of SVB may fail. I have a friend who manages a fast-growing startup and was severely impacted by the bank run. I have taken more than $840k out of my bank. Since the FDIC only provides coverage up to $250K, an implosion could have negative consequences. presently want to invest in the stock market. Does anyone have any ideas on how I might proceed?

[jerrycampbell-utyf]

It was a very bad decision to remove the Glass-Steagall Act in the late 1990s, which led to the spectacular failure of huge banks during the financial crisis of 2007–2008. To prevent another disaster, Dodd-Frank and this statute both need to be reestablished right away. What happened with SVB is only the beginning of what will happen if nothing is done to address the current situation.

[Miakate-fl]

A perfect storm is brewing in the United States. Inflation, bank collapse, severe drought in the agricultural belt, recession, food shortages, diesel fuel and heating oil shortages, baby formula shortages, available automobile shortages and prices, the price of living place. It's all coming together and it could lead to a real disaster towards the end of this year (or sooner). With inflation currently at about 6%, my primary concern is how to maximize my savings/retirement fund of about $300k which has been sitting duck since forever with zero to no gains.

[Beatricegove]

Sadly, banks continue to stumble, mortgage rates is on the rise with higher imports and lower exports, yet the FED is to lessen cost. So, where do we grow and safeguard our money now? something will eventually break if they keep raising interests and quantitative tightening.

[michaelschiemer]

In these uncertain times, it's more important than ever to have a solid understanding of how to manage your finances, invest wisely and navigate economic downturns. But my primary concern is how to grow my reserve of $240k which has been sitting duck since forever with zero to no gains, sure I'm all in on the long term game, but with my savings are lying waste to inflation and my portfolio losing gains everyday, I need a remedy.

[chimpmunkboy]

I’m retired Army. I did well, survived without major injury. I would not recommend the military to young people. The rich send the poor to war to die while the rich get richer from the military industrial complex. Go to college or learn a trade and save/invest while you are young.

[donhug-qk]

Banks are becoming less reliable than in the past. The looming banking crisis is expected to be significant and devastating for those who are not ready. I recently withdrew $370k from my bank to invest in bonds and stocks of companies with strong cash flows. I think it's a great opportunity to seize the market for long-term profits. Any suggestions for promising stocks would be welcomed.

[danielguide]

All three of the market's indices have experienced declines in recent weeks, signalling the market's suffering over the past month. My $400, 000 portfolio has lost about 20% of its value; I would greatly appreciate any advice on how to increase my returns before I retire.

[tx]

This guy is kinda right about No signs of a recession because its going to skip the recession and go straight to a Depression 🤡💯

[TheThreadofLifeInc]

Rent control is essentially capital control. If you are going to instill capital controls on one thing, you have to do it with all things in the economy and set a standard price for everything. That’s why it will never work. The solution to the problem is free market capitalism and a responsible government. Currently, we have neither.

[quixomega]

Canada already has a national sales tax, it let them balance the budget for while. But they've found a way to waste even more money now.

[Shadowcruise]

*The concept of supporting a corrupt government with a national sales tax is repugnant!*

[FrankPatrick-nozo]

It's crucial to manage money wisely, invest prudently, and navigate economic downturns, especially now. I'm concerned about increasing my $300k reserve, which has been idle and not generating profits. Inflation is eroding my savings, and my portfolio is losing value. I need a solution.

[NoExcuses]

United States balance a budget? That will NEVER happen!

[nalivkin-lspg]

I think investors should always put their cash to work, especially In 2024, we'll start to see more market diversification. I'm hoping to invest about $350k of my savings in stocks against next year. Hope to make millions in 2024

[barcooter]

The UK did pay back it's Dollar denominated debt from WWII, it only finished paying it off on 31st December 2006.

[babylom]

If inflation continues to re-accelerate, don't you think they will be forced to increase interest rates? It's not like they have the option to just stand back and watch it increase and hope it comes back down. They indicated they will act not just if it does not re-accelerate but if it does not demonstrate, it is actively on the way down to 2%, so the likelihood of an interest rate hike seems very significant. There's nothing to naturally bring inflation down at this point unless the labor market I've been engaged in active trading, which is generally safer, allowing investors to weather market volatility and also managed to grow a nest egg of around 2.3Bitcoin to a decent 24Bitcoin....I'm especially grateful to Sandy Barclays, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.