Why Bank Math is Like Abbott & Costello (3/17/23)

HAVE YOU SUBSCRIBED TO "Before the Bell?" https://www.youtube.com/channel/UCFmyKJKseEMQp1d14AjvMUw (3/17/23) Bank math is a lot like Abbott & Costello math; the main issue with banks is lack of mark-to-market; SVB problem was it's the tech-darling, whose product was sub-prime business loans based on "social credit." (See "The Panic of 1907"). How diversity and equity nearly crashed the economy (NY Post). Is the Fed's 2% inflation target realistic? The ECB continues to raise rates; what will the Fed do? Credit Suisse and First Republic: Euphoria vs reality? Why more Americans under-estimate Social Security benefits. Including sequence of returns in financial planning; everything is rosy at brokerage firms, and the answer for every question is stocks. The "S" in ESG is stinky. The luck of retirement in the economic cycle; the 4% Rule is a lie. Janet Yellen calls Jamie Dimon; hilarity ensues; Credit Suisse bail out vs realization that some things cannot be fixed; Labor & Demographic trends: Effects of inflation, prices are not going backwards; seniors going back to work. IQ vs EQ (emotional quotient). SEG-1: SVB, Abbott & Costello, and Bank Math SEG-2: How Diversity and Equity Nearly Crashed the Economy SEG-3: Under Estimating Social Security Benefits SEG-4: Janet Yellen Call to Jamie Dimon; Inflation that Cannot be Fixed Hosted by RIA Advisors Director of Financial Planning, Richard Rosso, CFP Produced by Brent Clanton, Executive Producer -------- Watch today's show on our YouTube channel:   https://www.youtube.com/watch?v=j8TBR2hYgDM&list=PLVT8LcWPeAuhi47sn298HrsWYwmg8MV7d&index=1&t=7s -------- The latest installment of our new feature, Before the Bell | "Credit Suisse Gets a Bailout" is here: https://www.youtube.com/watch?v=CNDbCAHOmZ4&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1&t=5s --------  Our previous show is here: "Why the Credit Suisse Bailout is Significant: SIFI" https://www.youtube.com/watch?v=T0eVQW2MQWE&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=5s  -------- Articles mentioned in this po