Helping You Survive and Prosper in the Greater Depression
Everything is fine. The U.S. banking system is "sound and resilient." Don't panic. Your deposits are safe. The banking crisis has been resolved. These have been the clarion calls of the Biden administration, the Federal Reserve, the … [Continue reading] about Market cap of regional banks collapse 70% since January, data show
"The US banking system is sound and resilient," the Federal Open Market Committee said in a statement. The heart of the stress of the banking system -- Silicon Valley Bank, Signature, and First Republic -- "have now all been resolved." Hours … [Continue reading] about Jerome Powell says banking system is ‘sound’; PacWest Bancorp crashes 56% in after-hours trading
Will PacWest Bancorp be the next financial institution to fail? Investors certainly think that this is the next regional entity to crumble. On Tuesday, PacWest tanked as much as 36 percent, and saw its trading halted several times on … [Continue reading] about Will PacWest Bancorp become the next bank failure? Stock crashes as much as 36%, shares halted multiple times
The National Bureau of Economic Research (NBER) is the organization that essentially confirms if the United States is in a recession. It refrained from doing so last year when the U.S. experienced a technical recession -- back-to-back quarters of … [Continue reading] about NBER: Expect a recession in 2023 or 2024
First Republic has fallen. We repeat. First Republic has fallen! It officially happened. Federal regulators seized First Republic, making it the second-largest U.S. bank failure in the nation's history. The Federal Deposit Insurance … [Continue reading] about First Republic becomes the second-largest bank failure in U.S. history