A study from the Social Science Research Network (SSRN) revealed that 186 banks could collapse if half of their uninsured depositors withdraw their funds.
The collapse of Silicon Valley Bank (SVB) was the fault of US President Joe Biden’s administration, Donald Trump has claimed, warning it could lead to a new Great Depression in the United States.
The latest numbers from the Bureau of Economic Analysis show that the U.S. economy grew by 2.9 percent in the fourth quarter of last year, and 2.1 percent for 2022.
Home prices in the U.S. are sinking at the fastest monthly pace since the Great Recession, evidence that rising mortgage rates are rapidly slowing activity in the housing market.
https://www.youtube.com/watch?v=EyWZ66eCC1M
Transcript from whitehouse.gov:
My fellow Americans, please, if you have a seat, take it. I speak to you tonight from sacred ground in America: Independence...
It is a question that has probably entered the minds of millions of Americans as they watch their country disappear: is Joe Biden the worst president in U.S. history?
After a promising start to morning trading, the major stock indexes turned sharply negative Friday with the S&P 500 tumbling into bear market territory and the Dow Jones Industrial Average setting up for the longest streak of weekly losses since the Great Depression.
At age 63, Tom, a retired clerical worker, wasn’t planning to live out his golden years in the back seat of an old beater car in Arizona’s Sonoran Desert.
