Investment banker Whalen on bailouts: The public 'will pay through inflation'
(Those of you who follow my work already know this, but it makes for interesting reading).
This piece comes from Chicago City Wire.
During a recent appearance on Chicago's Morning Answer, Christopher Whalen, an investment banker, chairman of Whalen Global Advisors LLC, and editor for The Institutional Risk Analyst, discussed the present state of the banking industry.
Whalen talked about the term "back door bailout," coined by host Dan Proft, which suggests that the average person bears the brunt of the financial burden. The discussion centered around the demise of Silicon Valley Bank and the factors that led to its downfall.
"It's the private banks picking up the tab here. Not the feds," Whalen said. "And, when they say it's not a tax-payer bailout, kind of, sort of true, but they will pay through inflation."
For more, click here: https://chicagocitywire.com/stories/640199919-investment-banker-whalen-on-bailouts-the-public-will-pay-through-inflation
What we are experiencing now should not surprise us. We knew this was going to happen. But is it the end? I think: No. Will the market crash now and will everything collapse? I think: No. Do we possibly have another historic buying opportunity right now? I think: Yes. /// What do you think?
Great article. I live near Chicago and regularly listen to Dan Proft on The Morning Answer. He is usually as spot on as Greg is with a great plethora of data, knowledge and experience.