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Banking Crisis Goes Beyond First Republic: Michele 

Bloomberg Television
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Bob Michele, J.P. Morgan Asset Management CIO and global head of fixed income, says we do have a banking crisis and it never should have happened. He's on "Bloomberg The Open."
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26 сен 2024

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Комментарии : 120   
@antonnohr
@antonnohr Год назад
The bank crisis isn't over yet, and experienced individuals know credit crises don't end quickly. Some find it amusing that some think it's resolved, but in reality, we're headed for a major economic downturn due to this credit contraction.
@VickyAlvy
@VickyAlvy Год назад
With high inflation, I want to invest my idle cash. Thanks for sharing her impressive resume that I found online!
@ClementRusso2
@ClementRusso2 Год назад
You’re welcome. I’ve made over six figures passively with Stacey Lee Decker’s guidance in a strong financial community. Market crashes don't affect my returns.
@VickyAlvy
@VickyAlvy Год назад
@@ClementRusso2 Thanks for the advice. Finding her was easy. Before our phone call, I researched her full name online, and her resume shows she’s knowledgeable and well-accredited.
@itsallgood2149
@itsallgood2149 Год назад
Finally, someone who tells at least a bit of the truth. He said, "this is more than a First Republic problem." Tired of them saying, "FR is the outlier."
@cryptojoecoin5480
@cryptojoecoin5480 Год назад
You know when they say anything, the opposite is true. They are absolutely incapable of telling the truth. You would think that they would be honest once in a while to throw you off, but these 🤡s are so are up with demons that this it’s not an option.
@drscopeify
@drscopeify Год назад
FR specifically went after wealthy customers and they cashed out and moved to treasuries as rates whet up so FR got fucked but it's their fault for banking for wealthy that are quick to move money. It's really just the general public needing cash for life expenses that keeps banks going otherwise everyone's cash would be in treasuries... Let's see almost 0% return for cash in a bank account or 5% or so per year with a treasury.....
@small_fries7573
@small_fries7573 Год назад
Life is unpredictable and possibly fragile... Have u thought about whether u go 2 heaven or hell after this life? Cuz life is short & fragile. Look at how many peeps die each day...but there's hope... It is alright to be concern or not know about what happens after this life. Fortunately there's a way to not suffer, not be in danger, not be poor, not get hurt, not have to work in vain, not have to feel any kind of negative vibe, and not to get tired anymore. Imagine you will be invincible, immortal, and holy with a new, upgraded body to the core! Imagine everyone around you will be the same as you. Isn't that a delightful thought? It's true you or anyone can have eternal life. All you got to do is to accept Jesus Christ 🙏 as your Savior! Once you do, He will let you into heaven during your day when you finally see Him! God does like you. You have to reach our to Him by prayers 🙏 ❤️ ♥️. Let Him know your issues 🙏 He is listening to you.
@cryptojoecoin5480
@cryptojoecoin5480 Год назад
@@small_fries7573 AMEN!
@jacksnotty2318
@jacksnotty2318 Год назад
A cashless society is not possible with so many regional banks who can make their own decisions. There is a conscious decision to create one or two national banks that listen to what the government tells them. The cashless society is the end of all freedoms in America.
@noneofyourbusiness9369
@noneofyourbusiness9369 Год назад
jacksnotty* You're so right. Finally someone who thinks like many of us.
@small_fries7573
@small_fries7573 Год назад
Life is unpredictable and possibly fragile... Have u thought about whether u go 2 heaven or hell after this life? Cuz life is short & fragile. Look at how many peeps die each day...but there's hope... It is alright to be concern or not know about what happens after this life. Fortunately there's a way to not suffer, not be in danger, not be poor, not get hurt, not have to work in vain, not have to feel any kind of negative vibe, and not to get tired anymore. Imagine you will be invincible, immortal, and holy with a new, upgraded body to the core! Imagine everyone around you will be the same as you. Isn't that a delightful thought? It's true you or anyone can have eternal life. All you got to do is to accept Jesus Christ 🙏 as your Savior! Once you do, He will let you into heaven during your day when you finally see Him! God does like you. You have to reach our to Him by prayers 🙏 ❤️ ♥️. Let Him know your issues 🙏 He is listening to you.
@fidlaf1
@fidlaf1 Год назад
You own NO property!!! Slaves can’t own property. Read carefully the Deed to the property you think is yours. You are listed as a TENANT. (Senate Document 43, 73rd Congress 1st Session)
@CasualFactz
@CasualFactz Год назад
Only person on Wallstreet that you enjoy watching. Thank you Bob Michele
@small_fries7573
@small_fries7573 Год назад
Life is unpredictable and possibly fragile... Have u thought about whether u go 2 heaven or hell after this life? Cuz life is short & fragile. Look at how many peeps die each day...but there's hope... It is alright to be concern or not know about what happens after this life. Fortunately there's a way to not suffer, not be in danger, not be poor, not get hurt, not have to work in vain, not have to feel any kind of negative vibe, and not to get tired anymore. Imagine you will be invincible, immortal, and holy with a new, upgraded body to the core! Imagine everyone around you will be the same as you. Isn't that a delightful thought? It's true you or anyone can have eternal life. All you got to do is to accept Jesus Christ 🙏 as your Savior! Once you do, He will let you into heaven during your day when you finally see Him! God does like you. You have to reach our to Him by prayers 🙏 ❤️ ♥️. Let Him know your issues 🙏 He is listening to you.
@pranjalmishra4867
@pranjalmishra4867 Год назад
A JP Morgan employee saying 'banking is the most heavily regulated industry' is irony dying a thousand deaths.
@AdrianaGutierrezj
@AdrianaGutierrezj Год назад
Currently I'm just being smart and frugal with my money, I'm in the green 47% over the last 23 months and l've accumulated over $500K in pure profits from DCA’ing into stocks, ETFs, dividends and futures. However I’ve been in the red for a month now. I work hard for my money, so investing is making me a nervous sad wreck. I don’t know if I should sell everything, sit and just wait.
@BrittanyLaura-sl9ff
@BrittanyLaura-sl9ff Год назад
Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases on the sold off. I got back in December 2020 and this time with guidance from an investment adviser who was recommended by a friend.
@greyowl750
@greyowl750 Год назад
If you are revenge trading or swinging for the fences in ANY way...Stop now. Sit...deflate..relax and return. Basics...go back to the egg.
@willisapril
@willisapril Год назад
This is why people should go to a credit union. My credit union is Digital Federal Credit Union aka DCU and they are outstanding. They are owned by its members ("Depositors). They are very healthy, very well managed and are in all 50 states. They are part of a surcharge free ATM network that has more ATMs than Bank of America. They pay 6.17% interest on the first $1,000.00 in the savings accounts and have pretty good auto loan rates too.
@JustinPugsley
@JustinPugsley Год назад
Fascinating interview - so its not just the fear of losing money that is draining deposits - but actually inflation as well as people need to spend more just to satisfy their minimum needs to survive. Inflation is much higher in Europe, so this dynamic must be to some extent playing out there as well ?
@headspaceandtiming2114
@headspaceandtiming2114 Год назад
Hmm. “Businesses and households are burning cash in a big way” and the “excess savings from Cares are below pre covid”. Using a revolving credit to fiancés debt is very dangerous. There’s nothing to fall back on when that can’t happen.
@small_fries7573
@small_fries7573 Год назад
Life is unpredictable and possibly fragile... Have u thought about whether u go 2 heaven or hell after this life? Cuz life is short & fragile. Look at how many peeps die each day...but there's hope... It is alright to be concern or not know about what happens after this life. Fortunately there's a way to not suffer, not be in danger, not be poor, not get hurt, not have to work in vain, not have to feel any kind of negative vibe, and not to get tired anymore. Imagine you will be invincible, immortal, and holy with a new, upgraded body to the core! Imagine everyone around you will be the same as you. Isn't that a delightful thought? It's true you or anyone can have eternal life. All you got to do is to accept Jesus Christ 🙏 as your Savior! Once you do, He will let you into heaven during your day when you finally see Him! God does like you. You have to reach our to Him by prayers 🙏 ❤️ ♥️. Let Him know your issues 🙏 He is listening to you.
@Willfully_Ignorant
@Willfully_Ignorant Год назад
Yea, I’m sure handing out lower interest rates to people with bad credit will help tremendously.
@jerrycampbell-ut9yf
@jerrycampbell-ut9yf 5 месяцев назад
This bank crisis is so far from being over. Anyone who has been around for longer than 12 years, knows a credit crisis isn't over in two weeks. Makes me laugh seeing folks thinking this was all over so quickly. We are seeing a credit contraction that is gonna lead to a major contraction.
@Peterl4290
@Peterl4290 5 месяцев назад
In my opinion, some of these banks were attempting to restructure their bond portfolio, which involved selling their low-yielding bonds despite the potential loss, and compensating for it by buying higher-interest-rate bonds on the open market.
@sabastinenoah
@sabastinenoah 5 месяцев назад
I have learned to not trust corporations. I was badly hit by the '08 financial crisis. Since 2019, I've just been focused on investing through a financial advisor, and it has been paying off, and I'm never going back to banks full time.
@JoshuaMccaffrey-q4
@JoshuaMccaffrey-q4 5 месяцев назад
I'm intrigued by your experience. Could you possibly recommend a trustworthy advisor you've consulted with?
@sabastinenoah
@sabastinenoah 5 месяцев назад
My advisor is “Amber Dawn Brummit. a renowned figure in her line of work. I recommend researching her credentials further
@JoshuaMccaffrey-q4
@JoshuaMccaffrey-q4 5 месяцев назад
Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
@NightRidah777
@NightRidah777 Год назад
There's no contagion guys 😂. Also, escape the winter with a warm beach vacation in Alaska 😂
@HairyPinkTroll
@HairyPinkTroll Год назад
3:17 and dude you may have noticed carrying a balance is 27% - for gas to go to work, food, 50% already goes to rent…. So no it’s not my work ethic that made me fucking poor. It’s my values that keeps me from treating others the way I have b en treated!
@JohnDaniels
@JohnDaniels Год назад
The federal reserve and federal government have been printing money like drunken sailors for over a decade, and now it's time to pay the bill and now they act confused on why so much inflation 😆
@hornet224
@hornet224 Год назад
The folks are going to lose it all. Only the political elites and the top 1% will be bailed out at your expense.
@twenty3_co_uk
@twenty3_co_uk Год назад
French Revolution terrorist...
@small_fries7573
@small_fries7573 Год назад
Yes true 👍 the elites will have what they want. Life is unpredictable and possibly fragile... Have u thought about whether u go 2 heaven or hell after this life? Cuz life is short & fragile. Look at how many peeps die each day...but there's hope... It is alright to be concern or not know about what happens after this life. Fortunately there's a way to not suffer, not be in danger, not be poor, not get hurt, not have to work in vain, not have to feel any kind of negative vibe, and not to get tired anymore. Imagine you will be invincible, immortal, and holy with a new, upgraded body to the core! Imagine everyone around you will be the same as you. Isn't that a delightful thought? It's true you or anyone can have eternal life. All you got to do is to accept Jesus Christ 🙏 as your Savior! Once you do, He will let you into heaven during your day when you finally see Him! God does like you. You have to reach our to Him by prayers 🙏 ❤️ ♥️. Let Him know your issues 🙏 He is listening to you.
@JBBrickman
@JBBrickman Год назад
Wait what does he mean when he said the FDIC is going to expire???
@small_fries7573
@small_fries7573 Год назад
Idk 🤷‍♂️ maybe something like an economic collapse ? Have u ever thought about how God is real via creation? Our DNA, fingerprints, organs, and all our body parts are created by God. Only a supernatural being can create something so complicated and well-organized like God....
@quixomega
@quixomega Год назад
You can't service debt with debt, that's a debt spiral.
@vister6757
@vister6757 Год назад
Like America debt issue
@jonathanandrew2909
@jonathanandrew2909 Год назад
Won’t stop people from trying!
@small_fries7573
@small_fries7573 Год назад
Yeahhhhhh Life is unpredictable and possibly fragile... Have u thought about whether u go 2 heaven or hell after this life? Cuz life is short & fragile. Look at how many peeps die each day...but there's hope... It is alright to be concern or not know about what happens after this life. Fortunately there's a way to not suffer, not be in danger, not be poor, not get hurt, not have to work in vain, not have to feel any kind of negative vibe, and not to get tired anymore. Imagine you will be invincible, immortal, and holy with a new, upgraded body to the core! Imagine everyone around you will be the same as you. Isn't that a delightful thought? It's true you or anyone can have eternal life. All you got to do is to accept Jesus Christ 🙏 as your Savior! Once you do, He will let you into heaven during your day when you finally see Him! God does like you. You have to reach our to Him by prayers 🙏 ❤️ ♥️. Let Him know your issues 🙏 He is listening to you.
@DsonicJ5672
@DsonicJ5672 Год назад
Start investigating the San Fran Fed, they are not doing there job of regulating.
@basedmushroom
@basedmushroom Год назад
Hyperinflation in 24-36 months in America. Prepare my Internet stranger friends.
@brent4073
@brent4073 Год назад
I just saw my old job from 3 years ago posted again for 42% more. It really is getting bad.
@jonathanandrew2909
@jonathanandrew2909 Год назад
From one internet stranger to another, I ain’t your friend, pal!
@daviddunnigan8202
@daviddunnigan8202 Год назад
Listen to this guy…banking issues are a leading indicator not some one off problem.
@Doty6String
@Doty6String Год назад
When will the bailout happen?
@kensmechanicalaffair
@kensmechanicalaffair Год назад
Managed to say a shit ton of words, without saying anything...impressive.
@goof260
@goof260 Год назад
its an art...
@ro6742
@ro6742 Год назад
These cascading bank failures are not only due to depositors making panic withdrawals. Take a close look at the cash that’s been circulating lately. Lots of “old” bills that were squirreled away in mattresses are being put back into circulation. This is being compounded by what is in reality hyperinflation. CPI be damned.
@jimsmopars1614
@jimsmopars1614 Год назад
Feeling the Pain that someone inflected 💩
@김수연-z8j2u
@김수연-z8j2u Год назад
So should i sell it???or leave it??
@avywek
@avywek Год назад
SCHW is a good buy too
@Bob-gj7nm
@Bob-gj7nm Год назад
We have a greed problem.
@small_fries7573
@small_fries7573 Год назад
Very greedy... Life is unpredictable and possibly fragile... Have u thought about whether u go 2 heaven or hell after this life? Cuz life is short & fragile. Look at how many peeps die each day...but there's hope... It is alright to be concern or not know about what happens after this life. Fortunately there's a way to not suffer, not be in danger, not be poor, not get hurt, not have to work in vain, not have to feel any kind of negative vibe, and not to get tired anymore. Imagine you will be invincible, immortal, and holy with a new, upgraded body to the core! Imagine everyone around you will be the same as you. Isn't that a delightful thought? It's true you or anyone can have eternal life. All you got to do is to accept Jesus Christ 🙏 as your Savior! Once you do, He will let you into heaven during your day when you finally see Him! God does like you. You have to reach our to Him by prayers 🙏 ❤️ ♥️. Let Him know your issues 🙏 He is listening to you.
@ANGELCRYPT0
@ANGELCRYPT0 Год назад
Dumping all my money on Shiba coins
@darnellcapriccioso
@darnellcapriccioso Год назад
First SVB, then signature bank and now first republic bank, these are all the signs of yet another 2008 market crash 2.0 , so my question is do I still save in the United States dollar or is this a good time to buy gold?
@richardhudson1243
@richardhudson1243 Год назад
Given the prevailing market conditions and the potential risks associated with the current economy, I would recommend refraining from investing in stocks for now. Instead, it would be prudent to consider retaining a portion of your assets in gold. Alternatively, seeking advice from a financial advisor could provide valuable guidance in this matter.
@tatianastarcic
@tatianastarcic Год назад
@@richardhudson1243 true, A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for license advisors and came across someone of due diligence, helped a lot to grow my reserve notwithstanding inflation, from $275k to approx. $850k so far.
@maiadazz
@maiadazz Год назад
@@tatianastarcic I find your situation fascinating. Would you be willing to suggest a trusted advisor you've worked with?
@tatianastarcic
@tatianastarcic Год назад
@@maiadazz It's best you do your due diligence, I have my portfolio overseen by ‘Laurel Dell Sroufe’ and her qualifications speak for itself. Most likely, the internet is where to find basic info, she has a noticeable page for consulting.
@JohnDaniels
@JohnDaniels Год назад
"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless." - Thomas Jefferson
@sanujitroy6830
@sanujitroy6830 Год назад
Banks facing issue like 2008?
@mattblaircomedy
@mattblaircomedy Год назад
10x worse 🎉
@sully7750cosmo
@sully7750cosmo Год назад
depends if and who bails them out again. banks already used a 1/3rd of their insurance reserves at the last FRB bailout and they'll not be keen to further extend their risk liability. government can't be seen to bail it out going into an election, nor can they let it fail. we'll see who caves first I guess.
@ssuwandi3240
@ssuwandi3240 Год назад
All I can say and observe. Yellen was tinkering back then and now she's tinkering the tinkered. .
@haochengzhai7156
@haochengzhai7156 Год назад
It is more serious than in 2008, when China saved the United States.🤣
@dpt3232
@dpt3232 Год назад
Eliot Spitzer...
@julionebarres6981
@julionebarres6981 Год назад
0:19 The most heavily regulated industry is banking? This guy is efing delusional. In 2018 the regulations implemented in 2010 as a consequence of the 2007 economic crisis were repelled and more freedom to the market instituted. Not only is the banking and investment industries have extremely relaxed regulations, they also have been consolidating in an aggressive monopolistic way since 2007.
@NoidoDev
@NoidoDev Год назад
Bailout after bailout, bailouts make the world go round, batabi batabam ... 🎉 Banker says we need more money, debt is just for living, what you're gonna do? Costs go up, just make more money.
@jaimevillalobos8446
@jaimevillalobos8446 Год назад
Paper does't have value ....
@small_fries7573
@small_fries7573 Год назад
Life is unpredictable and possibly fragile... Have u thought about whether u go 2 heaven or hell after this life? Cuz life is short & fragile. Look at how many peeps die each day...but there's hope... It is alright to be concern or not know about what happens after this life. Fortunately there's a way to not suffer, not be in danger, not be poor, not get hurt, not have to work in vain, not have to feel any kind of negative vibe, and not to get tired anymore. Imagine you will be invincible, immortal, and holy with a new, upgraded body to the core! Imagine everyone around you will be the same as you. Isn't that a delightful thought? It's true you or anyone can have eternal life. All you got to do is to accept Jesus Christ 🙏 as your Savior! Once you do, He will let you into heaven during your day when you finally see Him! God does like you. You have to reach our to Him by prayers 🙏 ❤️ ♥️. Let Him know your issues 🙏 He is listening to you.
@flatearth5821
@flatearth5821 Год назад
Pluto's Return to the USA Birth Chart is a once in 300 years occurrence. The final return of five conjunctions, which began 2 years ago, will be from mid September 2023 through to the whole of October 2023; bringing in the total destruction of the USA economy and its dollar collapse will bring most world currencies down with it. The rebirth energy of Pluto, after the destruction, will take years to slowly recover, like what happened during the previous Depression of 1929.
@ceegee4875
@ceegee4875 Год назад
Is that why Pluto got kicked out of planned planethood?
@flatearth5821
@flatearth5821 Год назад
@@ceegee4875 Basically, yes, because Pluto is the planet of power and the Cabal don't want you to know how it affects us, because they want as much power as they can get into their insecure hands.
@adamsisolak4262
@adamsisolak4262 Год назад
​@@ceegee4875 now that's funny!
@jc4evur661
@jc4evur661 Год назад
Lol
@galaxymetta5974
@galaxymetta5974 Год назад
This would keep the world safe as it would force USA to abort its military actions and planned coups to destabilise other countries. 😂
@amandajames5595
@amandajames5595 Год назад
Point 4 - wake up you amateurs
@TheGonzedd
@TheGonzedd Год назад
Help! I NEED A BAILOUT! 🤣💲💲💲💲💲💲💲
@jf8085
@jf8085 Год назад
Give them the same fucking deposit insurance as the big banks! Simple!
@duypham76
@duypham76 Год назад
Too many ppl are moving their money to cryptos.
@bmoney2324
@bmoney2324 Год назад
This is what America voted for, although most didn’t know it.
@FirehorseCreative
@FirehorseCreative Год назад
@@hmm5131 *Plus- look at the economy and global stability prior to Trump's failed trade war against China and surrender of Afghanistan and Iraq to the Taliban versus now. No Covid, no supply chain interruptions, no loss of Democracy around the globe, no inflation, no active US violent insurrectionists driving the entire country mad. It's not rocket science. Trump effed the entire world and especially the USA.*
@stevenz995
@stevenz995 Год назад
you get what you vote for
@blockchaineducatedintervie2714
Regional banks? You lot are going out on a Friday night and getting hammered, and our economy at risk.
@mattblaircomedy
@mattblaircomedy Год назад
Apes shall inherit the earth
@docoolstuff8732
@docoolstuff8732 Год назад
Bought 100 shares at 5.75🤷🏽‍♂️🙏
@jonathanandrew2909
@jonathanandrew2909 Год назад
Woah, big spender! Did Cramer finally say sell?
@OskieOmega
@OskieOmega Год назад
We all know what Happens when banks go woke
@user-sf2ci2ly2o
@user-sf2ci2ly2o Год назад
Enjoy your new bank crisis & more to come 😂😂😂😂😂😂😂😂😂😂
@ikm64
@ikm64 Год назад
"The law of unintended consequences" is one of my personal favourites. Anyone in the "game" realises the push to go cashless is all but unstoppable. Fine... But taking a million out in cash and transferring it "digitally"...is not the same thing! Digitally not only does the person involved not have to be there in person...but the bank can be also closed too. That realisation is dawning on many bank managers I imagine... Kinda shot themselves in the foot there... Sadly for their sleep pattern...I don't see a solution to that "own goal" coming on the horizon anytime soon. Another case of "Be careful what ya wish for"...
@simony2801
@simony2801 Год назад
Not really, they can close the bank at a flick of a virtual switch.
@ro6742
@ro6742 Год назад
@@simony2801 there’s ALWAYS another bank.
@chriswonderer6856
@chriswonderer6856 Год назад
Is there a list?
@Lovo369
@Lovo369 Год назад
Diversify
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