Deutsche Bank is now offering 2.4% interest on 1y fixed saving account to retain or attract customer deposits. Deutsche deposits were down 5% to €592bn in Q1. Most happened before banking turmoil in Mar, driven by depositors seeking higher rates… …
by GoldCore It feels as though we have had a few days off when it comes to news of bank failures, collapses and ‘rescues’. But, do not be lured into a false sense of security, very little is resolved and …
#China's households were busy saving up like crazy while the rest of the world was partying post-pandemic. Now, with the China's economy opening up, there's a wall of savings ready to be unleashed. #Economy #Inflation #recession pic.twitter.com/gej20DggBx — James Eagle …
1) Why is the Savings Rate so low? Because for the last 18 Months Americans have been ravaged by Inflation (orange line). Meanwhile – Wage Growth (blue line) has not kept up. Not even close. pic.twitter.com/T59hRPUSft — Nick Gerli (@nickgerli1) …
More and more people using credit cards to buy food and pay bills. — Tracey Lewis (@TLewis43758) December 1, 2022
By Graham Summers, MBA The stock market is finally waking up to fact that a recession is already here. The first sign was copper. Copper is commonly referred to as “Dr. Copper, the commodity with a PhD in economics.” The …
Nailed it…WHEAT IN CHICAGO TOUCHES HIGHEST SINCE 2012SOYBEAN FUTURES CLIMB TO NINE-YEAR HIGH IN CHICAGO — LongConvexity (@LONGCONVEXITY) February 23, 2022 h/t Boo_Randy
https://twitter.com/Galactic_Trader/status/1528539142686220290 Over 40% of all dollars ever created were done so in 2020-2021 Over 40% of all dollars ever created were done so in 2020 – 2021. *Federal Reserve United States Money Supply M2 Dec 2021: $21.8TJan 2020: $15.4T $6.4T …
By Graham Summers, MBA As I mentioned yesterday, the Mother of All Collapses is Coming And if you think the Fed is coming to the rescue stocks this time, you’re sadly mistaken. Historically the Fed “saves the day” by intervening in …
Leave to the wealthy idiotic senators who design a permanent time system around their golf outings disregarding public health and the safety of our children. Sleep experts say Senate has it wrong: Standard time, not daylight saving, should be permanent …
by Frank Shostak via Mises In his writings, the leader of the monetarist school of thinking, Milton Friedman, blamed central bank policies for causing the Great Depression of 1930s. According to Friedman, the Federal Reserve failed to pump enough reserves into the banking system …
NEW YORK (AP) — Looking to draw in the next generation of investors, Fidelity Investments is launching a new type of account for teenagers to save, spend and invest their money. The account is for 13- to 17-year-olds, and it …
via donsurber: I should not have to write this, but journalists should accept criticism. Largely they don’t. And lately they are upset because Tucker Carlson is taking them to task on his nightly Fox show. Speaking from personal experience, your critics …
From the New York Times: Can rural America be saved? There are 60 million people, almost one in five Americans, living on farms, in hamlets and in small towns across the landscape. For the last quarter century the story of these …
by Patriankka I’ve been tracking since September 2017. On a paper. Being aware how many times I go to grocery store and how much I spend on crap I don’t need. This allowed me to put money into things I …
From Forbes: I grew up in one of a handful of admittedly sun-drenched US places that don’t observe Daylight Saving Time, but the cycle of ‘Spring Forward, Fall Back’ (a phrase apparently first used by the Los Angeles Examiner) still had an impact. Twice a …
by notlachargers I’m 28 years old, make $65k a year ($3,800 take home monthly) and live with my girlfriend in Los Angeles, CA. My company matches my 401k contribution every paycheck at 4%. Credit score is currently at 640-650. I’ve …
by Horg Hi, Currently I make about €4400 gross a month working as a geologist (salaried employment. THP is €2620). I don’t live in a big city, so monthly expenses are pretty low. At the end of the month, I’m …
by bigbear0083 Just wanted to put this out for discussion. Thursday was only the 3rd time over the past 2 1/2 years that the SPX (S&P 500 Index) closed under the daily 200MA. It managed to close above the 200MA …
by edisch I graduated high school a little less than two years ago and have managed to save a comfortable amount towards my financial goals following a few principles: Do everything you can to get the most out of your time …
by Alexander Trigaux, Editor, GoldSilver Mike Maloney’s father had passbook savings accounts (those are his actual passbooks in the video) that returned 13.1%. Mike Maloney had passbook savings accounts that returned 16.9%! At interest rates like these, it’s no wonder …
by ron_leflore I see a lot of Robinhood discussion, and I noticed something the other day, so I thought I’d post here. There’s an SEC rule that says that when you submit a market order, your broker has to either …
From Fox News: A Colorado woman is facing a $500 fine from U.S. Customs and Border Protection (CBP) for saving a free apple she received as a snack from Delta Air Lines on her way back to the United States from …
by Chris Black Three off-duty French soldiers were arrested and detained by police after saving a woman from robbery. This is how France (and other EU countries, like the UK) is conditioning its “tax-farm” to have a victim mentality and …
https://www.youtube.com/watch?v=KV9HRNEJnLg Lucian Wintrich for the Gateway Pundit reports, In a hilarious piece that just goes to show how ignorant modern-day millions in America are, Salon.com is reporting that they aren’t even bothering to save for retirement because they believe capitalism …
The Myth of Sound Fundamentals The recent correction in the US stock market is now being characterized as a fleeting aberration – a volatility shock – in what is still deemed to be a very accommodating investment climate. In fact, …
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