Want to create an interactive transcript for this episode?
Podcast: Wealth Formula Podcast
Episode: 411: Heads I Win, Tails You Lose: The U.S. Banking System
Description: The challenge with investing is that you can do everything right and still lose. Unfortunately its supposed to be that way otherwise everyone would take the biggest bets possible all the time and always win. That's just not reality. In good times, it is very hard to anticipate what could happen if the unexpected occurs. Over the last 24 months, we saw interest rates rise at a slope never before seen in the US economy. This was just a few months after the Federal Reserve called inflation "transient" signaling that it would not raise rates. In hindsight, the subsequent rise in...