Helping You Survive and Prosper in the Greater Depression
Your bank deposits are guaranteed ... and you can take that to the bank. Warren Buffett, the Berkshire Hathaway chairman and CEO, told CNBC on Wednesday that the American people should not fear losing their bank deposits because the government … [Continue reading] about Warren Buffett: The U.S. government will guarantee all bank deposits no matter what
The financial markets are celebrating on Wednesday after the U.S. consumer price index (CPI) slowed to 5% in March, down from 6 percent in February. This also came in below the market estimate of 5.2% percent Inflation has not been this low since … [Continue reading] about U.S. inflation slows to two-year low, but core, services inflation remain stubbornly high
The International Monetary Fund (IMF) released its latest World Economic Outlook (WEO). The numbers pointed to slower global growth and revised lower from the previous WEO. In the U.S. economy, there is a threat of stagflation, with the real … [Continue reading] about Ouch: IMF lowers U.S. economic growth forecasts for 2023, 2024; warns of ‘stickier’ inflation
Has the credit crunch begun? According to the Federal Reserve Bank of New York's (FRBNY) Survey of Consumer Expectations (SCE), the share of households reporting difficulty accessing credit surged to an all-time high. The outlook for credit … [Continue reading] about The start of a credit crunch? Record percentage of U.S. households finding it harder to access credit
It has been a month since Silicon Valley Bank, the home to tech bros, executives, and businesses, collapsed. Ditto for Signature Bank. The volume of uninsured deposits made these two financial institutions prone to failure. But what other … [Continue reading] about BNY Mellon, State Street Bank top list of uninsured deposits after SVB failure