Saturday, March 18th, 2023
Special Edition: Bank Failures & High Inflation Explained
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Today, we’re focusing on two major money events impacting the economy and possibly your own bank account: The seemingly sudden failure of some U.S. banks, and stubbornly high inflation. We’ll get into inflation in the second half of this episode with the expert best known as the Inflation Guy. Michael Ashton is the managing principal of Enduring Investments and the host of the “Inflation Guy” podcast. We’ll discuss what triggers inflation, why prices don’t typically come back down after they go up, and so much more.
But first, the story getting all the headlines over the past week: major bank failures on a scale not seen since the Great Recession. We wanted to take more time to explain how this all happened and what can be learned from it. We’re speaking with Justin Baer, a senior special writer at the Wall Street Journal who has been covering the collapse.
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Guest: Michael Ashton
Michael Ashton is considered the expert to the experts in the world of inflation markets where true expertise is hard to find.
Prior to founding Enduring Investments LLC, a specialty consulting and investment management boutique that offers focused inflation-market expertise, Michael worked in research, sales and trading for several large investment banks including Bankers Trust, Barclays Capital, and J.P. Morgan.
Michael has written two books, most recently “What’s Wrong With Money? The Biggest Bubble of All.” His podcast is “Cents and Sensibility: the Inflation Guy podcast.”
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Guest: Justin Baer
Justin Baer writes about Wall Street and investing for The Wall Street Journal’s finance bureau in New York.
Justin has covered many of the world’s largest banks, brokers and investment firms. He has written extensively on subjects ranging from post-crisis bank regulation and government investigations to acquisitions, the digitization of financial services and the rise of passive investing.
Justin’s work has been recognized by the Society of Professional Journalists, the Society of American Business Editors & Writers and the Society of Publishers in Asia.
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