40. Banks are in big trouble and denial could trigger the next major crash

  Welcome back to Milkshakes, Markets, Madness. Additional weekly content, including a Monday “Peek at the Week” and a Midweek Update, are available exclusively on the YouTube Channel. If you are new to the show please read the LEARN MORE section which follows the show description and chapter timestamps further below. On our website there is an embedded video above and an audio player at the bottom of the page BANKS ARE F—ED The stock market for the first-time all year appears to be on shaky ground. However, the next big earthquake that could lead to a financial crisis is more likely to be caused by commercial real estate. “Not in my backyard” – the infamous N.I.M.B.Y. statement from the 2009 GFC can already be heard echoing in vacant office buildings across the country, even those that have benefitted from lockdown relocations. But, when the dominoes start to fall it has the potential to take everyone out in the process. Meanwhile, hot takes earlier in the week that the Fed was done hiking were quickly cooled on Friday when PPI (Producers Price Index) suggested the inflation fire is not done burning. The Fed looks to be backed into a corner and if they continue to battle “sticky inflation” with more rate hikes, then banks are f—ed. Learn more on the latest Milkshakes, Markets, Madness Show. https://youtu.be/vEC0Lzi8nHo ————————————– SEASON 01, EPISODE 35 ————————————– 00:00 – Title screen 00:03 – Disclaimer 00:05 – Video intro (25 seconds) 00:31 – Wild or mild? 02:50 – Taking profits 04:08 – Hot takes get a cold bath 06:25 – The risks are “interesting” 08:22 – Big Short vs. Margin Call 09:44 – Home “Lockdown” inflation 2.0 12:36 – Bank bankruptcy landmines 18:19 – NIMBY and domino effect denial 25:25 – BRICS is now CRaBS 29:50 – MMM segments and schedule 30:58 – Salutations 31:04 – Outro 31:18 – Disclaimer ——————— LEARN MORE ——————— Every week, Brent Johnson and Jon Kutsmeda invite you to share a laugh at their favorite Twitter tantrums, and the madness of financial markets. If you are tired of drawn out, jargon filled, boring financial podcasts, then tune in for Milkshakes, Markets, & Madness to enjoy the lighter side and off-topic discussions that include sports, politics, memes, travel, and whatever fun they find during the week. For anyone who is unfamiliar with our hosts, or new to the Dollar Milkshake Theory, please visit the About Us section of this website for additional links that help explain it all. —————————— JOIN THE MADNESS —————————— Share your thoughts with a comment on the