15. S01:E10 – Banks Dropping Dead

  SEASON 01 – EPISODE 10 Welcome back to Milkshakes, Markets, & Madness where we invite you to share a laugh with us each week as we discuss our favorite Twitter tantrums and the madness of financial markets. If you are new to the show please read the LEARN MORE section which follows the show description and chapter timestamps further below. On our website there is an embedded video above and an audio player at the bottom of the page BANK RUNS AND THE CANARY IN THE COAL MINE AUDIO UPDATED: The audio version of this episode has been improved and updated. You can listen below or via your favorite feed from the links on our SUBSCRIBE page. VIDEO UPDATED: The YouTube video was also updated via a private link which is embedded above. You can find the original HERE and the new video with IMPROVED audio HERE. In financial markets a lot can happen in a day, and this episode is proof. The Milkshakes Duo decided to postpone recording an extra day in order to wait for the non-farm payroll report, but they ended up getting an extra scoop of madness for their milkshake instead. But wait, is it a milkshake or a banana split? One thing we do know for sure is the depositors at Silicon Valley Bank tried to split with their crash, causing a run on the bank and its eventual collapse. Could this bank failure be a canary in the coal mine, sending an early warning to the markets that a bigger a banking crisis is unfolding? Find out on the latest Milkshakes, Markets, and Madness Show. https://youtu.be/lSG5mF2Xb1M —————– CHAPTERS —————– 00:00 – Disclaimer 00:25 – Video intro (Short) 00:55 – Host intros 01:34 – Delayed recording proved wise 01:57 – The impact of today’s non-farm payroll report 03:00 – Contagion fears (Silicon Valley Bank) 04:27 – Violently sideways and violently biased 06:03 – Who is in control, markets or policy makers? 08:45 – How Brent approaches a day with big economic data 11:18 – Is this the market turning point? 12:43 – Are banks the canary in the coal mine? 21:28 – If you think the US banks are in trouble, just wait… 23:07 – The “Gurus” are too eager to make the big call 26:56 – Fishing with headline hate bait and the blindness of bias 29:37 – Living around the hill versus dying on top of it 32:13 – The end of the bond bull market, or what if… 34:16 – The event horizon and the death of the canary 35:48 – Previous episodes of relevance 37:16 – New madness is in the making and big love to the Milkshakes Community 39:16 – Salutations 39:40 – Outro / Disclaimer ——————— LEARN MORE ——————— Every week, Brent Johnson and Jon Kutsmeda invite you to share a laugh at their favorite Twitter tantrums, and the madness of financial markets. If you are tired of drawn out, jargon filled, boring financial podcasts,