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Video: Fed, Banks, and the Potential for Rapid Contagion offers a multi-generational opportunity in gold stocks

By Tom Winnifrith | Friday 30 June 2023


 


Asset manager Lawrence Lepard of Equity Management Associates is another cheery fellow, viewing the world economy as a construct where the rivets holding it together are continuing to snap. He says that we have had a number of bank failures in a matter of weeks, part of a larger pattern going back years and we are seeing large commercial mortgage failures and companies walking away. Lawrence believes more pain is yet to come in the banking sector, with one to two trillion in write downs. He says that the Fed is likely to intervene once again, and something is likely to break soon
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