Good interview here with Josh Rosner.
“We’re about to see the [losses] really start in earnest. I think [this period is] actually where the bank crisis spreads from the 19 or so of the largest banks into the 8,500 banks in our country….”
“I think [these losses haven’t] been accounted for in [the banks loan-loss’ provisions heretofore very acceptably. And I think the loss rates are going to be staggering. And I think that’s where we going to realize that the crisis is redoubling upon itself.”
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.