When an emergency strikes, many Americans plan to raid their retirement savings. “Savings rates go down and hardship withdrawals and loans go up,” Tom Armstrong, vice president of customer analytics and insight and head of
Warnings Come from The International Monetary Fund
On April 12, 2023, the IMF issued a warning, urging member countries to continue tightening monetary policy in order to combat stubbornly high inflation, saying that hidden financial system vulnerabilities could explode into a new
CBO estimates: US Budget Deficit hits $1.1 trillion over 6 months
The Congressional Budget Office (CBO) estimated in a report released on Monday that the federal budget deficit surpassed $1.1 trillion in the first half of fiscal 2023. According to the agency, the estimate is $430
The Stock Market’s Downside Risk is the Highest it has been in a Year.
Mike Wilson, Morgan Stanley’s chief stock strategist, says the market faces earnings pressure and investors should not be misled by tech rally. According to Wilson, the downside risk to the stock market is at its
Great Grandson of Robert Kennedy Sounds Alarm About the Coming Federally Issued Crypto-dollar and FedNow
No matter what side of the aisle you are on or what your belief is for the future of cryptocurrencies are, it is easy to see what Kennedy’s belief is when he posted this tweet
US Banks Set Aside Reserves Triggering Fear and Gold Reacts Trading Higher
According to two sources with firsthand knowledge of the situation, the banks that provided the majority of the $30 billion in deposits to First Republic Bank intend to set aside roughly $100 million from each
Recession Caller Grantham Predicts How Fed’s Forced Rate Cut Will Harm Not Help Stock Market
According renowned investor, Jeremy Grantham, who perfectly called the 2000 dot-com bust and the 2008 Great Recession stated, “when the Fed begins lowering interest rates, the stock market bubble crash will only be partially over
Exhaustive Study of Bank Crisis History Showing Serious Signs of Trouble Now
Researchers studied 800 years of how governments and markets have reacted when banks appeared unstable and fear levels were high. Depositors, investors, and policymakers are concerned about the banking sector, but how do the current
Is the Economy Headed for Disaster? Here Are Possible Reasons Why.
What is the fitness level of the current United States economy? It is a challenging question to answer correctly. The right answer is probably somewhere between “it is not good” and “it is not bad.”
Moody’s Prediction: Housing Market Headed Down.
Home Prices will fall in the US in 2023 and 2024 according to Moody’s predictions. Current home prices dropped 12% from June of 2022 to the end of February this year. With sales falling in