Trish and KeyCity Capital's Tie Lasseter Discuss the Economy


Moving at a very, very rapid pace right now. But bottom line, the feds are saying, okay, you know what? We're going to guarantee deposits at any of these banks by opening this window, do you think that's the right move? Well, I think we absolutely needed it. The fed absolutely had to back in and ensure otherwise you're going to see a much larger problem with small business across the United States. We've got maximum $250,000 that the fed's going to ensure. I was talking to another business owner in Dallas where I am yesterday. And I mean, there are small business $5 million a year in revenue. So they're not going to, they're not going to lay that out across ten different banks and the deposits that they have in order to fit within the shared mandate. And it's too much red tape. Exactly. So they did what they had to do. But now everybody still freaking out. Even though the fed says, don't worry, you know, we're going to be here. We'll loan them whatever money. This fear factor, right? This is what's so dangerous in markets because once the fear factor starts, there are worries about contagion, are you concerned that we could see multiple bank failures in 2023? No doubt that there's going to be bigger problems. I don't know that we'll see multiple bank failures, but we're going to definitely see faculties across a number of regional banks. There's a lot of consumer spending going on. Great jobs market and all of a sudden you start to see the effects of rising interest rates and the difficulty to get and obtain cash and money and yet we're still spending. We would have increased interest rates all at one time or maybe over a two time period to get to a point that would affect inflation. It would have been much better than seeing what the lingering effects of a slow increase in an interest rate. Yeah, you and I are on the same page on that one. I mean,

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