Helping You Survive and Prosper in the Greater Depression
Sure, all the focus is on the debt ceiling in Washington. Both sides will inevitably reach a conclusion and strike a last-minute agreement to raise the debt limit. Unfortunately, the private sector is also drowning in red ink. The Federal … [Continue reading] about U.S. household debt tops $17 trillion in the first quarter for first time ever
It looks like Elon Musk will soon be transitioning from his role as "chief twit." Musk announced on May 11 that he has selected a new CEO. "Excited to announce that I’ve hired a new CEO for X/Twitter. She will be starting in ~6 weeks!" Musk … [Continue reading] about #BREAKING: Elon Musk has selected a new Twitter CEO
By: Ryan McMaken Money supply growth fell again in March, plummeting further into negative territory after turning negative in November 2022 for the first time in twenty-eight years. March's drop continues a steep downward trend from the … [Continue reading] about U.S. money supply suffers sharpest contraction since Great Depression
PacWest Bancorp might not be the only smaller institution that could be witnessing higher deposit outflows. The company announced on Thursday that it posted a 9.5 percent increase in deposit outflows. The news sent shares tanking as high as 25 … [Continue reading] about As PacWest reports 10% drop in deposits, more banks are seeing higher deposit outflows
Another day, another bank in turmoil. PacWest Bancorp shares tanked 25 percent to below $5 at the opening bell as the financial institution announced that nearly 10 percent of its deposits fled the bank. Will it persist in the coming days and … [Continue reading] about PacWest shares tank 25% at opening, FDIC to make announcement about Deposit Insurance Fund