$160,000 GONE. Another reason to use ditch the big banks. These scammers know exactly how to scam big bank customers. They know how the big systems work to the nth degree. I’ll add also – get rid of your online …
by Dismal-Jellyfish Money Stock Measures – H.6 Release https://www.federalreserve.gov/releases/h6/current/default.htm M1 consists of (1) currency outside the U.S. Treasury, Federal Reserve Banks, and the vaults of depository institutions; (2) demand deposits at commercial banks (excluding those amounts held by depository institutions, …
by Dismal-Jellyfish https://www.federalreserve.gov/publications/files/2022-report-economic-well-being-us-households-202305.pdf The Federal Reserve Board on Monday issued its Economic Well-Being of U.S. Households in 2022 report, which examines the financial lives of U.S. adults and their families. The report draws from the Board’s tenth annual Survey of Household …
So ofcourse with that said I do not think this will hold over as it did during the 1st recession back in the 1930s.There are alot of projects on the back log waiting for initiation. Financial Agricultural Social Environmental Humanitarian …
https://twitter.com/_SDParker/status/1658472461783158786 “some Canadian households, and it tends to be the better off households, do have quite a lot of that they saved because there hasn’t been that much due in the pandemic and certainly it would be great if that …
View post on imgur.com CNBC: Jim Cramer: An economic wave is about to hit that will be fantastic for investors Maybe we aren’t really that connected. Maybe we’re basing our financial decisions on economic data that is wrong. And just …
At an interest rate of 24%, you need to generate an even higher return on your own capital. The problem is there are no asset classes that offer 25% plus returns on capital, which is why the total credit card …
by Chris Black How could you be “not pessimistic” about the US economy? Like, what is even the plan here? New York Post: Nearly seven in 10 Americans hold negative views about the US economy and two-thirds say inflation is …
Starting today, Apple Card users can choose to grow their Daily Cash rewards with a Savings account from Goldman Sachs, which offers a high-yield APY of 4.15 percent1 — a rate that’s more than 10 times the national average.2 With …
by itsthesquarehole I’ve worked for big tech companies during downturns. One I remember with a chuckle. They said they were charging 5 cents per plastic utensil you use at the company cafe! Yeah, no more free utensils! Not only that, to …
by TonyLiberty Vanguard has a new savings account option with 4.25% APY & FDIC coverage of up to $250,000. The account has $0 fees, $0 minimum balance requirements, $0 transaction fees, and 0 limits on how often money can be …
It’s vetoed, for now. Biden issues first veto as president, defends ESG retirement plan rule Biden issues first veto after Congress passes measure to block new investment rule Then just shut the stock market. This makes it so only a …
Champion sprinter Usain Bolt is used to living life in the fast lane, but he’s hit a major speed bump after Bolt’s investment firm acknowledged that $12.7 million is missing from his account. Potentially worse, the firm doesn’t know how …
After asking his followers if he should step down as Twitter’s CEO, Elon Musk heard from a volunteer for his job that was admittedly a joke. But it led to Musk unloading about the intense pressure of running the social …
by confoundedinterest17 Albert Collins said it best about the US economy under Joe Biden: “Lights Are On But Nobody’s Home”. The Federal Reserve forecast for the US economy is a dismal 0.50% YoY. Do I detect a trend? The FOMC forecast for …
If you have an online only bank account, beware. A Western Australian man is terrified he has lost his life savings – a whopping $580,000 – after he received two unexpected emails from his bank that the entire amount had …
Via SchiffGold.com, Peter Schiff recently appeared on Real America with Dan Ball to talk about the economy, energy prices, and inflation. Peter said if you think inflation was bad this year, wait until next year with a much weaker dollar. Dan set …
A West Australian man was horrified to discover a zero bank balance. Now he is freaking out and can’t get answers from his bank. A Western Australian man is terrified he has lost his life savings – a whopping $580,000 …
by confoundedinterest17 How bad is inflation under Biden? Consumer credit outstanding soared by 8.1% YoY in August as the inflation rate soared to 8.2%. Meanwhile, the personal savings rate YoY cratered to -59.3%. Of course, Biden is his tone-deaf manner …
During an appearance on MSNBC on Thursday, Rep. James Clyburn (D-S.C.) admitted that the Biden administration and congressional Democrats knew that certain of their actions would drive inflation up. “What do you say to people who say, ‘Boy, yeah, but …
Greenspan: “USA can pay any debt because it can always print money” AC
by Boo_Randy Relentless climb in yields. pic.twitter.com/bVIgIQB8e0 — Brian G ☀️ (@alphacharts) September 14, 2022 Uh Oh … Inventory data and mortgage rates are suggesting a serious drop in the housing market Is Fed going to raise rates next week …
by confoundedinterest17 It is amazing that Biden is rising in the polls, simply because he got several inflation-generating, crony pay-off bills passed through a Democrat-controlled Congress. Even more amazing is that Americans aren’t more furious with Biden given that inflation is still …
Inflation is hitting the average Joe very, very bad. pic.twitter.com/x4LcD9v6Pw — Alf (@MacroAlf) August 20, 2022 Personal savings in the US evaporating. 3.9 trillion a year ago to just 968bn now. pic.twitter.com/Cebqj5OrYh — Don Johnson (@DonMiami3) August 20, 2022 Half …
Via Birch Gold Group By Ron Paul As you might imagine, the last time I talked to the team at Birch Gold Group, the topic of inflation came up. I think this is a crucial matter for every American to …
Savings accounts can come in handy in many ways. They help you save for a rainy day, keep your cash safe, and earn some interest along the way. But with so many savings account options out there from different banks, …
The United States consumption figure seems robust. An 0.9 percent rise in personal spending in April looks good on paper, especially considering the challenges that the economy faces. This apparently strong figure is supporting an average consensus estimate for the second-quarter …
by Martin Armstrong Saving money has become impossible for many amid 40-year high inflation. According to data from the US Bureau of Economic Analysis, the personal savings rate reached 4.4% in April after steadily declining from the 6% level seen in …
by confoundedinterest17 Americans’ Savings Rate Drops to Lowest Since 2008 as Inflation Bites. Yes, inflation really bites. In fact, as US inflation is near the 40-year high, US personal savings declined -65% YoY as consumers try to cope with rising prices. …
2/2 The falling savings rates are not the result of government transfers falling (i.e., social security, disability, welfare, Govt credits, "mailed money"). Income via the government sending money remains historical high. pic.twitter.com/sdNYEIvxbL — Jim Bianco (@biancoresearch) May 27, 2022 Credit …