In this episode, we examine the developments in the banking world in the last week or so and the implications these have on financial markets and on the Fed rate hike.

The episode is based on yesterday's newsletter which is available on Substack.

The Transcript

A transcript of this podcast, with relevant images and quotes, is available for all subscribers after the show notes below. Our podcast is available on Apple Podcasts, Spotify, Google Podcasts, YouTube, and Amazon Music.

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Show Notes

00:00:00 Introduction

00:03:51 The Role of Small Banks

00:05:00 What will the Fed do?

00:06:35 Deglobalization Continues

00:07:09 The Consumer Keeps Spending

00:08:19 Leading and Lagging Indicators

00:09:44 Conclusion

This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit thetranscript.substack.com/subscribe