Investing is said to involve climbing a wall of worry… so where will the next crisis come from? A good place to look for clues is the Fed’s twice-yearly Financial Stability Report. The latest report highlights risks at banks, money-market funds and commercial real estate, but will they really cause the next crash? And in today’s Dumb Question of the Week: Surely low liquidity just means the price is too high? Selected links Financial Stability Report, May 2023 Get in touch ? mhr@pensioncraft.com ? many-happy-returns.captivate.fm Join PensionCraft ? Go to pensioncraft.com for all Ramin’s work ? Join PensionCraft's membership here pensioncraft.com/membership ▶️ Subscribe on YouTube Disclaimer This podcast is for informational and entertainment purposes and is not financial advice. We do not provide recommendations or endorse any decision to buy, sell or hold any security. We cannot be held responsible for any actions listeners may take and investors are encouraged to seek independent financial advice. Copyright 2022 Many Happy Returns