What do Switzerland, Cypress, Japan, Turkey, Israel, Germany have in common? This episode, of course. Banks are in the headlines. From SVB to Credit Suisse, who is getting bailed out and why? Is this bank event the calm before the storm of a real credit collapse?
Remember from Episode 102, money doesn’t sit on the sidelines. The bank event changes Patrick’s previous tune of chasing yield to chasing safe haven. It begs the questions ‘where is a good place to store wealth?’
From making bank deposits to bail-ins to kick the proverbial can up the stairs, there’s a lot to take in during this bank-centric sit-down.
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