Money Is “Disappearing”: Bank Crisis Not Over, Says Bond Trader | Patrick Perret-Green

Last year, Patrick Perret-Green, veteran bond trader and macro strategist, warned his clients that plummeting liquidity at regional U.S. banks could cause serious issues. Now that these issues have made themselves apparent with the fall of three U.S. banks, Perret-Green of PPG Macro joins Forward Guidance to share his views on bank liquidity, loan growth, and credit risks within banks as well as shadow banks. Filmed on May 11, 2023.

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Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.
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Timestamps:
00:00 Intro
00:28 Patrick's 2022 Warnings About Banks
10:33 Credit Risks
15:49 Shadow Banking System
19:35 Permissionless
20:38 Loan Growth
29:17 Global Liquidity Is Collapsing
34:32 Foreign Banks Are Having Issues
37:20 The Pain Trade Is For The Dollar To Go Higher
40:11 Rate Hikes "An Economic War Crime"?
43:34 Commercial Real Estate (CRE)
49:42 Bank Run Risks
56:14 Blockworks Research
57:16 Where Are Interests Rates Headed?
01:00:54 China
01:08:50 Closing Thoughts