“This has to do with the fact that we shut the world economy down, and then we engaged in an astronomical amount of stimulus that wasn’t necessary. We created all this inflation as a result of the stupid policies in the first place. And now the Fed, in a way to deal with inflation, had to raise rates and tighten financial conditions, which is put the whole banking system at risk.”
Terry talks with Steve Gruber and answers the good, bad & ugly about the Silicon Valley Bank and N.Y. Signature Bank bank crisis.
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Any information discussed in this article is for educational purposes only. It is not meant to be any kind of recommendation or financial advice. The information contained in this video is intended for informational purposes only. Any opinions are those of Terry Sawchuk and not necessarily those of JW Cole Financial, Inc. or JW Cole Advisors, Inc.
Securities offered through J.W. Cole Financial, Inc. (JWC) Member FINRA/SIPC. Advisory services offered through J.W. Cole Advisors, Inc. (JWCA). Sawchuk Wealth and JWC/JWCA are unaffiliated entities.
