Even With No Recession, Banks Will Be Under Pressure | Chris Whalen
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- เผยแพร่เมื่อ 15 พ.ค. 2024
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Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
00:00 Introduction
00:37 Banking Net Interest Income Is "Flat To Down"
04:26 Commercial Real Estate (CRE)
13:26 VanEck Ad
14:26
17:31 Consumer Deposits Have Become "Toxic"
20:07 Schwab
22:15 Chris Expects Mid-Size Banks To "Do Better Than The Big Guys" Next Year
24:43 If There's No Recession, Are Bank Stocks Still Cheap?
27:41 Higher For Longer Will Continue To Be Bad For Banks' Core Business of Taking Deposits And Making Loans
30:19 Bank of America Should Be "Spanked"
32:59 Only A Few Fed Cuts Are Needed To Improve Banks' Position
35:13 Consumer Credit Continues To Be Fine ("Not Even At 2019 Levels")
37:10 Credit Risk Issues For Banks Are Primarily In CRE
38:12 New York Community Bank - บันเทิง
Finally, you can easily access Bitcoin in a low-cost ETF with the VanEck Bitcoin Trust (HODL). Visit vaneck.com/HODLFG to learn more.
Am I the only one that gets excited when I see a new Whalen video pop up!?!? Brilliant guy!
Whalen Smothers
of the Simpsons..
He somehow manages to take extremely nuanced banking stuff make sense. I love listening to his explanations I don’t know anyone else who knows more or is able to express this stuff better than him. People should watch his interviews even if they don’t care about banks because they’ll learn something valuable regardless.
I always enjoy Whalen as a guest
Bring this guy on more often. Like once a quarter.
They do.
He day job is at the Whalen Yutani corporation.
19:06 sounds like Argentina. A good reminder to keep your money away from banks.
And where do we put our money, if not in banks?
Well said.
@@factsplz2248
Mason jar 🫙🫙
Great guest and interview...thanks Jack.
This seems like the worst period.
Even the market are now very unpredictable. Started investing recently when the market prices were a bit high,today I am more than 60% down!
Don’t be confuse buying the dip in a bear market, with guaranteed future returns. Just because that company is down 60%+ from ATH does NOT make it a sound long-term investment. Make sure you’re investing in great companies. kudos to Devion Jane
I agree just reached my goal of $500k yearly trade earnings. Setting realistic goals is an essential part of trading..
Please educate me, i'm willing to make consultations to improve my situation,
Her technical analysis is excellent and her interpretation/projections of the market are so accurate I sometimes ask myself is she is a human The point she is the perfect trader to follow for advice and guidance
Wait is this the same lady? That helps me with 17k investment “wow" such a small world..
30:23 - Bank of America is offering zero interest and stole about 14 billion from their customers in interest money this past year.
Why is anyone depositing their currency with them
I never miss this guest. He's exceptional.
I see Chris Whalen I click
Thank you so much!!
This is one of my favorite macro youtube channels
Chris is spot on. Worked in real estate finance and govt is destroying the idea behind personal credit quality and investors return. Govt owns FNM and FHLMC that all losses will go directly to taxpayers, as MI firms have gotten out of the business, and FHA is all subprime to support social equality goals, some of the worst credit score buyers
Same sh@t happening in Canada with insuring of sub prime mortgages by CMHC on the backs of taxpayers and the Bank of Canada buying that junk at 100 cents on the dollar.
What a total scam to privatize bank profits creating that junk and socializing the debt as it loses value.
Good interview. Thanks
Always enjoy gettin an update from Chris
excellent, thank you guys
19:14 is yet another functional admission that fractional reserve banking where interest accrues on demand deposits doesn’t work on a conceptual level. Now that we have removed the friction of having to actually go to the branch to have a “bank run” it literally can’t work without regulation.
Chris is one of my favourite guests. Just an incredible amount of insight every single time. A real expert in his field
First time visiting this content. Just listened to this gentleman for 30m. Learner alot.
great interview
Thanks!
Thanks
I really wish he had said "Chris Whalen of Whalen Yutani fiancial advisors."
😂
And the anchor ⚓ should have closed the show by saying :
This is Ripley.
Last survivor of the Nostromo.
Signing out...
This "expert" is the same guy that thought NY Commuinty Bank was a good investment, and then it failed.
It's better than bailout banking...
My favorite guest you bring on
Just like in Germany, the landlord has to demand a significantly high deposit from the tenants. Believe me, from my personal experience as a tenant, I have been a victim of lost significant deposits due to not very conscientious landlords, one and a half times.
Very nice
Is this old interview?
Funny. Talk to the tenants before lending. I bought two centers where I spoke with one of the tenants - just one. In both cases the tenant told me everything was great and in both cases those tenants moved out. So, a bit interesting -- both lied, and when I asked them about it later they said they didn't want to cause trouble for the landlord.
Maybe it was great
and they moved into mansions.
@@user-lb8bg6kj9m Funny, but no. One moved into a Mobile home, and then paid later. The other moved his store to a better location, and then also paid later. Both not exactly rich, and both said they didn't want to ruin the relationship with their prior landlord.
Just-in-time programming :)
And so we’ll just pass new laws separating banks into two kinds, consumers/real banks and investment banks that get greater scrutiny and pay higher taxes. Stock markets as well. Insurance companies too. Consumers oriented will get preferential treatment. Also, bailouts from now one go to the middle class and below. Nothing above that. Time we made the top subservient to the middle class.
Just in time money printing
@@talisikid1618
Keep dreaming.
Bailouts and bonuses for banksters only.
@@user-lb8bg6kj9m until it’s reversed.
Republic First bank went under today. Flagstar is on the edge.
Based Whalen
Happy spring
The second (and I mean the second) a bank tries to gate my withdrawal - once the money is released, said bank will never see another dime of said monies. Ev-er!
It will happen too fast for you to react or even find out.
Chris is sharpest tool
In the shed!
Just one point of view and states data to support that the banks are in trouble - many times he dismissed and deflected what the anchor was pointing out. The anchor is better informed than the guest!
Won't the govt simply print money 💰 and hand it out to banks
Just moved 1.5M from SCHW to HOOD 5% on CASH Balances hard to beat....
You should move it from HOOD to the real hood.
They will talk to tenanand do thier due diligence??? OMG. how can this be?? Lol. Horrific!
HODL!
Banks don't need to take back commercial real estate, they can simply require it to go into an auction or disposal like any insolvency. If banks are somehow liable then they need to change the small print in the contract for finance.
Um who eats the loss if they privatize the profits?
@@user-lb8bg6kj9m Banks are lenders not equity holders. It's the shareholder owners of the building that make the gain or loss. If the building owner goes bust then it's sold and the proceeds follow normal insolvency law priority rankings.
What's Druck doing?
Drukenmiller
sounds like a pharmacy.
I know nothing about trading /investment and l'm keen on getting started. What are some strategies to get started with?
As a beginner, it's essential for you to have a mentor to keep you accountable. I'm guided
by a widely known crypto
consultant
Mrs Kathy Lynne Colby
This is correct, Kathy's strategy has normalized winning trades for me also and it’s a huge milestone for me looking back to how it all started..
Kathy is considered a key Crypto Strategist with one of the best copy Trading Portfolios and also very active in the cryptocurrency space.
The first step to successful investment is figuring your goals and risk tolerance either on your own or with the help of a financial professional but it's very advisable you make use of professional
Chris Whalen is also an expert on Spring
He's the founder of the Whalen Yutani corporation from the Alien franchise.
yes!!!!!!
George and Mark, the reason Bitcoin reacts to world events, especially over the weekend, is that when events happen that cause uncertainty, fund managers typically sell a portion of everything because they know there will be calls on some of their investments, but they don't know what. Since Bitcoin trades 24/7/365, it is the most liquid asset they can sell quickly for cash, therefore it will tend to drop on world news events, but will recover after the dust settles.
You should have reported her salon to the better business bureau and filed a police report.
Wake up Neo.
I'm favoured financially with Bitcoin ETFs, Thank you buddy $32,000 weekly profit regardless of how bad it gets on the economy.
I believe the Bitcoin ETFs approval will be life changing opportunity for us, with my current portfolio made from my investment with my personal financial advisor I totally agree with you
How
..? Am a newbie in crypto investment,
please can you guide me through on
how you made profit
I'm looking for something to venture into in the short term, I have about $6,000 in savings.
Crypto is bringing a different revolution
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I'm 37 and have been looking for ways
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They got so much money they can afford to sit on properties that have no value
You guys look like you went to the same eye doctor lol
To the moon
People need to stop parroting the notion that “big banks are safe” when they absolutely are not.
They are safe as they will get bailouts paid by you.
The fact that buddy doesn't think rent increasing 10% a year is a problem shows how detached he is from reality. Wages definitely don't increase 10%. Buddy is blaming rent control when he should be blaming greed.
Outstanding guest, Jack
My perspective on interest rates cut and 2024 economic outlook : th-cam.com/video/0r0TqAopD20/w-d-xo.htmlsi=l2zLLiWmcoxDHTyl
What do we need banks for anyway, when all they do is peddle debt?
You will keep your cash under your mattress?
you forgot to mention where your employere will deposit you paycheck, or without a bank, how will your employer write you a check, or if you don't want a check, where will your employer get the cash, or how will the government disperse $30 billion of Social Secutity and Veterens benefits each month? Let us know when you have the answers...
@@sivi9741
You don't seem to understand that banks simply take your money and gamble with it.
They also lobby govt to keep inflating so they remain profitable.
When they fail despite all that Cronyism, they tap you the taxpayer, saver, wage earner pensioner for bailouts and bonuses.
Sad to see the average guy here is utterly clueless.
@@sivi9741 Banks merely issue promissory notes, what makes them so beyond the realms of possibility that I can fulfill my own promises without needing to be forever indebted to them robbing soulless entitles? And, who said I have a mattress?
@@user-lb8bg6kj9m
Actually banks do not touch your money .
They just create money out from thin air and « gamble » with it by making loans …..
whalen looks like he could be your dad
No point in being subscribed and paying for YT Premium and dealing with not one, but multiple commercials in the content soooo, bye!
? there is one sponsorship in the program, which appears at 13:30. Everything else you see is TH-cam
Bye Felicia
Chris Whalen. Big get, @BlockworksHQ. Top notch content.
You have the best bank/banking analyst and you do NOT ask, "Name the banks that you expect to fail?" That is the meat of the interview, and you serve us a salad. Shame on you!
Obviously he's not gonna answer that directly and risk bank runs, use ur head
Banks themselves don't have a clue when they will fail as they don't know when their bets will go against them.
Did even one of the 800 PhD economists sitting at the federal reserve predict 2008?
All the economists, credit rating agencies, academia, gurus and pundits all failed to predict a thing.
Sad to see people talking about ridiculous problems like these as if it’s normal and ok. Not bashing the host or the guest but just stunned at how big of a mess this is.
Watch how losses get socialized onto the people even as all profits were privatized
ThumbItUp &LeaveAnyComment 4AIgozAll
Banks dont wanna deal with the public? Public gonna bank with thebTreasury? Hey!!! No one will be unbanked!!! UBI much?
Banks are obsolete in this day and age.
Today's definition of a bank is to privatize profits and offload their losses on the public.
Jack- why do you bother with Whalen? He talks a lot and utters banal generalities. I learned more from Jack’s comments on BofA balance sheet etc. it would actually been a better 42 minutes if Jack had just shared his own insights. Whalen is a dodge and deflect interviewee.
I think Chris gained weight