No more interest rate hikes? (For Now at least) All the 'market' people are REALLY talking about right now is interest rates #1 The Banks #2 They want ole' Jerome & Co. over at the Fed to STOP raisng the interest rates...... The market people (and consumers) … [Read more...] about Will the Fed Stop raising interest rates?
the Economy
Biden tries to get around Govt. Money backing the Banks….
Just hearing the President of the United States SAY the banks are safe is NOT gonna work I believe.... But? Biden did say 'He will do 'Whatever has to be done'..... But this morning ANOTHER bank (First Republican) went in the tank today..... ALL the bank … [Read more...] about Biden tries to get around Govt. Money backing the Banks….
Breaking….Feds WILL fund Silicon Bank money
I told ya so…… President Biden who has been here before is NOT going to sit by while some lawmakers talk about leaving thousands of people to NOT get paid because the 16th largest bank ran out of money…. This is a act to stop possible OTHER bank runs… This is breaking … [Read more...] about Breaking….Feds WILL fund Silicon Bank money
Nobody REALLY knows if the Feds will have to bail out* banks….
The media reports have some saying the Federal Reserve WILL NOT supply the money tho bail out the Silicon Valley banks failure.... Don't take that as gospel.... The answer will become more clearer this coming week.... The SVB has all it's accounts at $250,000 and under … [Read more...] about Nobody REALLY knows if the Feds will have to bail out* banks….
Price hikes in some consumer food good’s laid out…..
The Hill lists price hikes for Americans in five items ..... You’ve probably felt your grocery bill growing over the past year, but seeing the numbers really puts it into perspective. The Federal Reserve Bank of St. Louis tracks every type of economics metric you can think … [Read more...] about Price hikes in some consumer food good’s laid out…..
China gets Iran and Saudi Arabia to establish diplomatic relations….
Ok? Is this a BIG deal or Not? Maybe..... The two Middel East countries are NOT on the same page.... The Saudi's run a entirely differnt econmic operation..... The Saudi's have strong ties to the West.... Iran is a pariah to the West and even other Middle East … [Read more...] about China gets Iran and Saudi Arabia to establish diplomatic relations….
Big Tech California Bank taken over by the Feds after running out of money…..
Silicon Valley Bank had a run on its deposits and simply ran out of money.... The Federal Deposit Insurance Corporation. has taken over the bank and will cover accounts UNDER $250,000.... Those over that will have to wait in line..... The FDIC has moved the assets into a … [Read more...] about Big Tech California Bank taken over by the Feds after running out of money…..
Labor Dept. says 311,000 jobs added in February ….
CAUTION..... This figure WILL BE adjusted next month as is the norm.... (The adjusted numbers tend to go downward) The jobless rate? Went UP..... Wages DECREASED...... The report notes that there have been ten's opf thosands of job layoff's.... As … [Read more...] about Labor Dept. says 311,000 jobs added in February ….