The Calm Before The STORM | Andy Schectman
Liberty and Finance: 5-23-2023
Andy Schectman, CEO & president of Miles Franklin, joins us to discuss the current state of the financial system.
He notes the public’s concern about the banking system has died down, but the problems are far from over.
“The insurance premium on backing a default from the Treasury hasn’t been this high since ’08. The sophisticated investors are telling you we’re not out of the woods.”
: 0:00 Intro
2:00 Normalcy bias
9:35 Banking crisis