Mar 12, 2023·edited Mar 12, 2023Liked by Caleb Franzen
This too shall pass ... banking system is way more stronger than 2007-2009, regulators have way more tools and processes to hand this relatively easy ... all shall be good.
In 2007, I was the PR Manager for the Better Business Bureau serving Oregon and Southwest Washington. Our Business of the Year was the Bank of Clark County (Washington not Nevada). One of my duties was event planning for the entire awards luncheon.
This too shall pass ... banking system is way more stronger than 2007-2009, regulators have way more tools and processes to hand this relatively easy ... all shall be good.
Unless fear mongering & incorrect takes keep spreading like weed on social media, then it can get self fulfilling https://twitter.com/Maverick_Equity/status/1634563196593000448
Keep investing, keep, compounding ... the world has been through way more severe events than this
So... you’ve been buying “defensive stocks”, any reason why you haven’t been buying inverse ETFs?
Great piece Caleb, I really enjoyed this one. We really are in the thick of it
In 2007, I was the PR Manager for the Better Business Bureau serving Oregon and Southwest Washington. Our Business of the Year was the Bank of Clark County (Washington not Nevada). One of my duties was event planning for the entire awards luncheon.
A year later, the bank was shut down by the FDIC.
In fact, NPR even ran an entire Planet Money episode about it (no joke: https://www.npr.org/templates/story/story.php?storyId=102384657).
Sometimes, history doesn't just rhyme, it outright repeats itself.