Description: On this weeks episode Tom, Jacob, and Carissa talk about the recent rout of banks that experienced major drawdowns and mini crises, the Powell Congressional testimony, as well as the Friday payrolls report.
Email us at laminatemoneypodcast@fjellcapital.com for questions or suggestions for future topics.
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- The GoodI believe this last week will prove to be a pivot in the 2022 saga
We finally broke something - by Genevieve Roch-Decter, CFA (substack.com)
- The Bad Silicon Valley Bank, Silvergate Capital, First Republic, Charles Schwab, big and small banks alike
- The Comical The market cared zilch about the payrolls report on Friday (unlike anticipated, hell week for different reasons)
- The Head Scratcher What will the Fed do now?
- What Went On - Jacob
Jerome Powell testified to Congress on Tuesday and Wednesday
Used vehicle prices rising at an unseasonably strong rate (cnbc.com)
Nvidia grew from gaming to A.I. giant and now powering ChatGPT (cnbc.com)
Home prices experience their 3 worst drawdown (and experiencing year over year declines for the first time since 2012)
- Win of the Week
Short form streaming, Spotify is making its feed look more like tiktok, joining the gang of TikTokesq feeds
- Time Machine
New Drugs Are Coming to Market at Sky-High Prices - WSJ
- Quote of the Week
"There are recent developments that concern a few banks that I'm monitoring very carefully and when banks experience financial losses, it is and should be a matter of concern," Ms. Yellen
