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US banks halt trading as financial panic spreads

US banks halt trading as financial panic spreads

A general view of Pacific Western Bank in Huntington Beach, California, US, March 22, 2023. (Photo by Reuters) Trading has halted amid continued uncertainty among investors in the United States…

Russia says German arms supplies to Ukraine pushing Berlin deeper into war

Russia says German arms supplies to Ukraine pushing Berlin deeper into war

US Treasury Secretary Janet Yellen asked Congress to increase the government’s debt ceiling before June 1 to prevent economic bankruptcy. (Photo by AFP) United States Treasury has warned that the…

US scrambling to rescue failing bank – Reuters

US scrambling to rescue failing bank – Reuters

The government is attempting to allay fears of a growing crisis © AFP / Patrick T. Fallon / AFP US officials are making urgent efforts to rescue the struggling First Republic Bank,…

15 Biggest Chains In America That Will Disappear In The Months Ahead

15 Biggest Chains In America That Will Disappear In The Months Ahead

Large & Small US Banks See Deposit Outflows Continue, Small Bank Lending Growth Tumbled

Large & Small US Banks See Deposit Outflows Continue, Small Bank Lending Growth Tumbled

BY TYLER DURDENFRIDAY, APR 28, 2023 – 04:30 PM It’s late on a Friday afternoon, after a total collapse in First Republic (which likely saw massive deposit outflows today as…

US banking crisis fears mount as major lender struggles

US banking crisis fears mount as major lender struggles

First Republic says it plans to sell off assets, restructure its balance sheet, and lay off staff FILE PHOTO: First Republic Bank headquarters is seen on March 16, 2023 in…

US Debt Ceiling Bill Won’t Stop Government Deficit Soaring by Tens of Billions

US Debt Ceiling Bill Won’t Stop Government Deficit Soaring by Tens of Billions

© AFP 2023 / TIMOTHY A. CLARY Subscribe International India Africa James Tweedie All materialsWrite to the author Economist and professor Mark Frost said the debt ceiling bill now heading to the…

Economist Warns of ‘Catastrophic’ Fall in American Living Standard — Elon Musk Weighs in on De-Dollarization, US Dollar Weaponization

Economist Warns of ‘Catastrophic’ Fall in American Living Standard — Elon Musk Weighs in on De-Dollarization, US Dollar Weaponization

Economist Peter St Onge has warned that U.S. dollar weaponization will lead to “soaring inflation, a catastrophic fallen American standard of living, and a U.S. that falls off the world…

US ‘credit crunch’ has started – Morgan Stanley

US ‘credit crunch’ has started – Morgan Stanley

A chief strategist of the Wall Street bank has pointed to a big drop in lending amid tightening standards © Global Look Press / Michael Ho Wai Lee The collapse of Silicon…

US economy ‘crashing’ – Trump

US economy ‘crashing’ – Trump

America is a “failing nation” that is in decline, the former president has said Former United States President Donald Trump speaks at the 2023 NRA Leadership Forum in Indianapolis, Indiana,…

5 Economic Disasters We Were Warned About In Advance That Are Happening Right Now

5 Economic Disasters We Were Warned About In Advance That Are Happening Right Now

by Michael Our leaders were able to successfully kick the can down the road for a long time, but now many of our long-term problems are becoming short-term problems, and the…

The Fed, Bank Of America And Hordes Of Corporate CEOs Are All Warning That A Recession Will Happen This Year

The Fed, Bank Of America And Hordes Of Corporate CEOs Are All Warning That A Recession Will Happen This Year

by Michael If virtually everyone is expecting a recession, and most people start acting accordingly, do you think that will make an economic downturn less likely or more likely?  Needless to…

How Would You Fix This Colossal Multi-Trillion Dollar Mess?

How Would You Fix This Colossal Multi-Trillion Dollar Mess?

by Michael Everyone can see the slow-motion train wreck that is unfolding right in front of our eyes, but nobody has a plan to stop it.  Unfortunately, from a short-term perspective…

Brace Yourselves For An Economic Avalanche, Because A Major Credit Crunch Has Already Begun

Brace Yourselves For An Economic Avalanche, Because A Major Credit Crunch Has Already Begun

by Michael This is moving even faster than a lot of us thought that it would.  For weeks, I have been warning my readers about the coming credit crunch.  When banks get…

Morgan Stanley issues apocalyptic real estate warning

Morgan Stanley issues apocalyptic real estate warning

US commercial property will be the next domino to fall after the banking crisis, the Wall Street bank warns © Getty Images / NurPhoto / Contributor Morgan Stanley Wealth Management has predicted…

Global economic outlook weakest in decades – IMF

Global economic outlook weakest in decades – IMF

Robust recovery after the Covid-19 pandemic remains “elusive,” Kristalina Georgieva has said ©  Getty Images/Michael Hall The world economy is facing its weakest period of growth since the 1990s in the…

McDonald’s lays off hundreds, cuts pay for workers, closes field offices

McDonald’s lays off hundreds, cuts pay for workers, closes field offices

McDonald’s is laying off hundreds of employees in its corporate offices, cutting pay and benefits for others, and closing field offices as part of a companywide restructuring, according to a report.…

Iconic restaurant chains from Burger King to TGI Fridays are disappearing as they struggle to turn a profit – so is YOUR local closing this year?

Iconic restaurant chains from Burger King to TGI Fridays are disappearing as they struggle to turn a profit – so is YOUR local closing this year?

Many US restaurant chains have continued to shrink since the pandemicThose affected include: Burger King, IHOP, Ruby Tuesday, Denny’s and QuinzosSome have attempted to roll out electronic ordering systems to…

The Fed is Killing Us by Over-Tightening Due to a Broken Job Market. There is Now Solid Proof.

The Fed is Killing Us by Over-Tightening Due to a Broken Job Market. There is Now Solid Proof.

We can now actually see with visual metrics what it looks like when the Fed keeps pushing against a badly broken job market that keeps pushing back. Unlike previous situations…

“The Banks Are Melting”, And Signs Of A Major Credit Contraction Are Already Starting To Emerge

“The Banks Are Melting”, And Signs Of A Major Credit Contraction Are Already Starting To Emerge

by Michael When there is fear in the air, banks start getting really tight with their money, and right now there is lots of fear in the air.  A major credit…

You Will Be Shocked By How Much Money Is Being Pulled Out Of U.S. Banks, And Now The Biggest Bank In Germany Is In Trouble

You Will Be Shocked By How Much Money Is Being Pulled Out Of U.S. Banks, And Now The Biggest Bank In Germany Is In Trouble

by Michael A trillion dollars is a lot of money.  If you stacked a billion dollar bills on top of one another, the pile would be 67.9 miles high, but if…

These Economic Numbers Are Staggering

These Economic Numbers Are Staggering

 by Michael If you are struggling to make it in this economy, you are not alone, because there are millions of other Americans in the exact same boat.  Needless to say,…

15 Signs A Massive Car Market Crash Is Already Upon Us

15 Signs A Massive Car Market Crash Is Already Upon Us

‘Doctor Doom’ makes bold claim about US

‘Doctor Doom’ makes bold claim about US

Most of the country’s banks are technically near insolvency, famed economist Nouriel Roubini says © AFP / John Lamparski / Getty Images North America / Getty Images via AFP Renowned economist Nouriel…

US Banking System Could Suffer More Shocks as Consumer Confidence Plummets

US Banking System Could Suffer More Shocks as Consumer Confidence Plummets

© AP Photo / Steven Senne James Tweedie All materialsWrite to the author The aftershocks from the Silicon Valley Bank insolvency are still being felt across the US finance sector…

Economists expect recession, high inflation in US this year

Economists expect recession, high inflation in US this year

US dollars and Euro bills are pictured on September 6, 2022 in Brest, western France. (Photo by AFP) The United States is poised to enter a recession this year and face…

Another 50 US banks could fail – ex-Lehman VP

Another 50 US banks could fail – ex-Lehman VP

The former senior executive says the Fed must cut rates and guarantee deposits held by regional lenders © Getty Images / RUNSTUDIO The banking crisis could swallow another 50 regional lenders in…

TRAPPED: The Fed Is Fettered between Inflation and Financial Meltdown

TRAPPED: The Fed Is Fettered between Inflation and Financial Meltdown

Before you read the following quote from a Fed employee, you had better set your coffee, beer or wine down so you don’t spray all over the carpet or the…

Amazon layoffs affect additional 9,000 positions in AWS, ads, Twitch

Amazon layoffs affect additional 9,000 positions in AWS, ads, Twitch

FILE – An Amazon logo appears on a delivery van, Oct. 1, 2020, in Boston. Amazon is pausing construction of its second headquarters in Virginia following the biggest round of…

The riskiest thing you can do now is leave your money in the bank

The riskiest thing you can do now is leave your money in the bank