Systemic Risk Should Be No Surprise

 

The Financial Survival Network's Kerry Lutz asked for my take on the emerging banking crisis and its implications for investors. That drew in the context of the war, the breakdown of international supply chains, and de-globalization coupled with the lasting effects of the pandemic shutdowns. No surprise to see systemic risk rear its ugly head. It was a "when, not if" question. We had to talk about gold as the US dollar slides, of course, but we covered a lot more ground than that...