Walkner Condon Financial Advisors

MARCH 16, 2023

This is usually a very successful practice: indeed, since the 2008-2009 crisis, depositors (even the uninsured depositors) haven’t lost deposits in the case of a bank failure. The post FAQ – Bank Failures and Is This 2008 All Over Again? In this case, worried that the (mis?)information

Banking 98

Banking Insurance Assets Startup 98

The Big Picture

JULY 21, 2023

Since 2008, the Census Bureau has included government transfers in its Supplemental Poverty Measure. ” In 2008. If this were true, it would mean we have been measuring income inequality incorrectly (perhaps wealth inequality as well). It is untrue. You may remember Phil Gramm. He’s the (thankfully) former U.S.

Math 246

Math Government Economics Valuation 246

The Big Picture

APRIL 19, 2023

Despite the headline, the Wall Street Journal chart (above) reveals 2022 as the exception that proves the point: Prior selloffs — 2000-03 and 2008-09 — were all equity driven. The 60/40 is not “back” because it never left. Those years are fairly ugly for investment portfolios.

Portfolio 334

Portfolio Risk Tolerance Investing Investments 334

The Big Picture

NOVEMBER 28, 2022

Coincident Index by States (May 22, 2008). The FOMC increases are having an impact. Previously : Signs of Softening (July 29, 2022). Why Recessions Matter to Investors (July 11, 2022). Soft Landing RIP (July 25, 2022). The post Coincident State Indexes (October 2022) appeared first on The Big Picture.

Economy 279

Economy Banking 279

The Big Picture

SEPTEMBER 15, 2023

Tune in for a deep dive into the financial markets with Barry, who reveals how his background in behavioral finance and his fearless approach when launching his blog, the “Big Picture,” earned him the reputation as “one of the most dangerous people in financial media.”

Wealth Management 262

Wealth Management Media Financial Market Management 262

The Big Picture

NOVEMBER 5, 2022

In 2008, he received the George Polk Award for financial reporting. This week, we speak with financial historian Edward Chancellor. He is currently a columnist for Reuters Breakingviews and an occasional contributor to the Wall Street Journal and MoneyWeek.

Valuation 311

Valuation Economy Management Marketing 311

Calculated Risk

AUGUST 27, 2024

From December 2006, until she passed away from ovarian cancer on Nov 30, 2008, Tanta was my co-blogger. I will return on Thursday, Sept 5th (If I don't get lost!) In December 2006, my friend Doris "Tanta" Dungey started writing for Calculated Risk.

Medical 72

Medical Sales Accounting Portfolio 72

The Big Picture

MAY 6, 2023

Previously, he was head of the European Special Situations Group from 2008-13, and head of the Global Special Situations Group: 2013-19. He is also a member of the management committee, and Co-Chairs the Asset Management Investment Committees, which includes private equity, infrastructure, growth equity, credit, and real estate.

Wealth Management 303

Wealth Management Assets Management Clients 303

The Big Picture

SEPTEMBER 29, 2023

Kidding aside, Tim Harford reminds us that “In 2008, the consensus from forecasters was that not a single economy would fall into recession in 2009.” If a recession doesn’t happen, you can always say “As I expected, a recession was the lower probability event, and did not occur.” 40%) probability of happening.

Economy 298

Economy Banking Economics 298

Wealth Management

MARCH 27, 2023

SVB Private Wealth, with about $16 billion in assets, is part of the First Citizens' "whole bank purchase" of Silicon Valley Bank.

Banking 115

Banking Assets 115

Wealth Management

JUNE 22, 2023

Also, contrary to popular belief that investment management has become commoditized, there was more demand for those services in 2022, while interest in financial planning dropped, according to a new study by the IAA and COMPLY.

Assets 104

Assets Financial Planning Planning Management 104

The Big Picture

OCTOBER 7, 2022

To sum up, the Fed was late to recognize post 9/11 the impact their ultra low rates were having; Post 2008-09 crisis, they kept rates at zero until 2015, post Covid, they kept rates at zero despite inflation and market signals. During the same period of time, the S&P 500 rose 67.9% (2020) and 28.7% (2021).

Banking 336

Banking Economics Portfolio Assets 336

The Big Picture

MARCH 21, 2023

Why 2023 is Not 2008 : But that is incomparable to the 2008-09 era, where every financial institution had consumed CDOs, where toxic sub-prime loans were securitized into ticking time bombs. Start the new season with our Two-for-Tuesday morning train reads: • Are Banks OK? Where the sector stands after a turbulent week.

Banking 289

Banking Investing Investments Management 289

The Big Picture

FEBRUARY 10, 2023

January 2008) Lose the News (June 2005) Manage Your Media Diet The post Peak Substack? I have no idea whether its a long-term staple or a flash in the pan, but it feels to me like I am now at peak Substack… Previously : Things I Don’t Care About (January 15th, 2013) What Do You Control? (May appeared first on The Big Picture.

Media 278

Media Management 278

Abnormal Returns

SEPTEMBER 28, 2022

wsj.com) Don't fight the last war: this isn't 2008. (capitalspectator.com) Expected returns on bonds are finally attractive. awealthofcommonsense.com) Markets Lumber prices are back down to pre-pandemic levels. theirrelevantinvestor.com) Are stocks cheap yet? It depends. Brett Harrison is stepping down.

Financial Advising 246

Financial Advising Media Management Economy 246

The Big Picture

NOVEMBER 22, 2023

Note: I have been occasionally eyeballing this map since 2008 , and it does a good job of showing the overall trend of the economy (on an obvious lag). Rather than engage in futility, let’s look at the coincident indexes in all 50 states over the past 3 months, via the Federal Reserve Bank of Philadelphia (October 2023).

Economy 353

Economy Banking 353

Abnormal Returns

MAY 1, 2023

ft.com) The amount of bank failures, measured by assets, rivals that of 2008. (blockworks.co) Banks JP Morgan Chase ($JPM) is now the owner of First Republic. cnbc.com) The banking industry's 'crisis phase' may be over for now. nytimes.com) ETFs Model portfolio shifts can have a big effect on ETF flows. etftrends.com) Economy Is the U.S.

Financial Advising 244

Financial Advising Startup Banking Manufacturing 244

The Big Picture

JANUARY 20, 2023

It’s rare to see stocks as hated as they were in the middle of 2008-09, but that is a very contrarian signal. Risk Appetite : Fund Managers surveyed by Bank America Merrill Lynch (BAML) are as negative about as they ever get. Most of the bottoms signal excellent equity entry points.

Retail 298

Retail Banking Economics Marketing 298

The Big Picture

OCTOBER 29, 2022

In 2008, he received the George Polk Award for financial reporting. Be sure to check out our Masters in Business next week with financial historian Edward Chancellor. He is currently a columnist for Reuters Breakingviews and an occasional contributor to the Wall Street Journal and MoneyWeek.

Assets 298

Assets Financial Market Investing Investments 298

The Big Picture

FEBRUARY 8, 2024

He famously shorted Allied Capital in the 2ooos and Lehman Brothers about a year before it collapsed into bankruptcy in 2008. Since inception, Greenlight has generated about 13% annually, and ~290o% total return versus the S&P500’s 1117% total and 9.5% annual returns.

Banking 200

Banking Investing Investments Marketing 200

Abnormal Returns

DECEMBER 21, 2022

capitalspectator.com) Today's housing market is way different than 2008. (wealthmanagement.com) Farmers also saw rising costs in 2022. wsj.com) Economy The indicators that show a recession is creeping ever closer. awealthofcommonsense.com) Earlier on Abnormal Returns Personal finance links: converting money into time.

Financial Advising 225

Financial Advising Media Economy Portfolio 225

The Big Picture

SEPTEMBER 26, 2022

The only other years with a higher reading since 1990 were 2008 when the S&P fell 38%, and 2002, when it fell 23%. Because Fed officials are literally telling us this every time they speak. Wealth of Common Sense ). • A Very Tough Year : The S&P 500 has declined more than 1% in one out of four days so far in 2022. New York Times ). •

Engineering 306

Engineering Economy Manufacturing Retirement 306

Advisor Perspectives

OCTOBER 3, 2023

Many Americans believe that Gen Z is financially illiterate and uninformed. But the story is not that simple.

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110

Wealth Management

AUGUST 15, 2023

Total net private wealth across the world decreased by 2.4% to a total of $454.4 trillion, according to Credit Suisse’s annual global wealth report.

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98

The Big Picture

AUGUST 15, 2022

Let’s look at the 2008 scenario as an example. My back-to-work morning train WFH reads: • When is a Bear Market Over? Like many things in the market, there aren’t any hard and fast rules for this kind of thing, especially in real-time. The S&P 500 topped out in early October 2007 and bottomed in March 2009.

Communication 298

Communication Startup Management Economics 298

The Big Picture

OCTOBER 1, 2022

Events such as the tech/dotcom implosion, the double low in Oct 2002 and March 2003, the Great Financial Crisis in late 2007/early 2008, the lows in March 2009, and more recently, the 2020 pandemic. For context, think about the times when all of the stars lined up and a major reversal was fairly obvious.

Marketing 306

Marketing Marketing Investing Investments 306

The Big Picture

DECEMBER 12, 2022

Survival Lessons From Past Tech Downturns : The current tech downturn could be much worse than it appears now, say those who lived through the 2001 and 2008 crashes—but those who make it have the chance to fuel the next bubble. No, but everyone is enjoying the charade. Economist ). Wall Street Journal ). • Gen Z came to ‘slay.’

Math 306

Math Economy Communication Economics 306

The Big Picture

NOVEMBER 5, 2022

In 2008, he received the George Polk Award for financial reporting. Be sure to check out our Masters in Business interview this weekend with financial historian Edward Chancellor. He is currently a columnist for Reuters Breakingviews and an occasional contributor to the Wall Street Journal and MoneyWeek.

Accounting 278

Accounting Economics Assets Investing 278

A Wealth of Common Sense

OCTOBER 15, 2024

The 2008 crash wiped out $11 trillion in wealth, The unemployment rate hit double-digits. It was the worst economic period most of us have ever lived through. The collective net worth of American households reached roughly $66 trillion by the end of 2007.

Economics 145

Economics Marketing Marketing 145

A Wealth of Common Sense

FEBRUARY 11, 2024

For example, there have been permabears predicting a massive financial crisis and stock market crash every single year since the Great Financial Crisis in 2008. I enjoy studying market history not because it makes it any easier to predict the future but because it can set helpful baseline assumptions.

Marketing 145

Marketing Marketing 145

The Big Picture

JULY 27, 2022

The post- 2008-09 era saw wealth inequality, already substantial in the United States, explode. This was the raw fuel to Wall Street, who lit it on fire to drive great profits in securitized mortgages right up until the moment it all went to hell. (I I wrote a book about this).

Medicine 331

Medicine Numbers Food Insurance 331

The Big Picture

FEBRUARY 27, 2023

Trillion Drop, Biggest Since 2008 : San Francisco and New York are slumping as the pandemic boom fizzles out, but migration to Florida has boosted Miami. The designs are crafted with both aesthetics and security in mind. ( Wall Street Journal ) see also US Housing Market Posts $2.3

Valuation 290

Valuation Assets Management Marketing 290

The Big Picture

FEBRUARY 24, 2023

Trillion Drop, Biggest Since 2008 Source: Bloomberg Sign up for our reads-only mailing list here. The firm is the largest listed PE/Buyout firm in Europe, managing $135 billion in assets in Private equity, infrastructure, real estate and debt. US Housing Market Posts $2.3 The post 10 Friday AM Reads appeared first on The Big Picture.

Medical 289

Medical License Insurance Accounting 289

The Chicago Financial Planner

JUNE 13, 2022

For example during the 2008-2009 market debacle I looked at funds to see how they did in both the down market of 2008 and the up market of 2009. If a fund did worse than the majority of its peers in 2008 I would expect to see better than average performance in the up market of 2009.

Risk Tolerance 188

Risk Tolerance Marketing Marketing Financial Planner 188

A Wealth of Common Sense

OCTOBER 17, 2024

Further Reading: What If You Invested at the Peak Right Before the 2008 Crisis? Callie Cox joined me on the show again this week to discuss questions about investing in alternatives, the plight of the homebuyer, the current state of stock market valuations, and overcoming financial mistakes.

Valuation 136

Valuation Investing Investments Marketing 136

Abnormal Returns

OCTOBER 2, 2022

thereformedbroker.com) Don't fight the last war: this isn't 2008. (ramp.beehiiv.com) The bear case is obvious. What's the bull case? theirrelevantinvestor.com) Bear markets are where wealth is built. theirrelevantinvestor.com) 12 lessons learned from "Buy This, Not That: How to Spend Your Way to Wealth and Freedom." (mr-stingy.com)

Retirement 163

Retirement Investing Investments Marketing 163

The Big Picture

DECEMBER 8, 2022

New York Times ). • So When Will Stocks and Bonds Un-Link? It’s a rarity for the two main asset classes, almost always negatively correlated, to perform a duet.

Transportation 278

Transportation Retail Portfolio Assets 278