Government Prepping For More Bank Failures

By Jeffrey P. Snider of Eurodollar University

Chief Investment Strategist • May 22, 2023 at 4:13 PM EDT

With deposits still falling, govt/Wall St trying desperately to figure out what to do.

Gray High Rise Buildings

Image Source: Pexels

Treasury Secretary Yellen held talks with major Wall Street CEOs and bank advisors, raising the subject of further bank mergers. Though that part of the discussion wasn't in the official readout, it was reported anyway and something Yellen had already said in public just a little while ago. There is every reason to believe there is more big trouble ahead. Govt/Wall Street discussions of "mergers" is just more confirmation.

Video Length: 00:19:14

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This material has been distributed for informational purposes only. It is the opinion of the author and should not be considered as investment advice or a recommendation of any particular security, strategy, or investment product. Investments involve risk and you can lose money. Past investing and economic performance is not indicative of future performance. Alhambra Investment Partners, LLC expressly disclaims all liability in respect to actions taken based on all of the information in this writing. If an investor does not understand the risks associated with certain securities, he/she should seek the advice of an independent adviser.

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