Independent thinking for complex markets and current events
By Martin Armstrong A new study by Florida Atlantic University believes that 94 separate US banks are facing a significant risk of bank runs. The at risk banks have all reported a 50% or higher ratio of uninsured deposits to total deposits. Basically, they simply do not have the hard currency to shell out in …
This is nothing short of a crisis for young Americans. The staggering increase in debt levels among Gen Z, coupled with stagnant earnings, paints a grim picture of financial stability for the next generation. It’s alarming to see that despite earning less, they’re saddled with significantly more debt than Millennials were a decade ago. With …
As New York unveils its staggering $237 billion state budget, concerns mount over its long-term implications, particularly for New York City. The decision to institutionalize a temporary surcharge on high-income earners amidst rising out-migration and quality-of-life concerns raises questions about the state’s fiscal responsibility and its impact on urban centers. Key points: New York’s latest …
Millions of Americans strapped with student loan debt are still not paying their bills after a three-year payment hiatus ended this fall. Federal student loan payments restarted at the beginning of October after President Biden declined to extend the pandemic-era pause that first began in March 2020 under his predecessor, former President Trump. However, 40% …
California Reparations Task Force Calls on Democrat-Led State Legislature to Eliminate Child Support Debt for Black Residents The controversial California Reparations Task Force has recently made a bold appeal to the state’s Democratic-led legislature, demanding the abolition of child support debt exclusively for the state’s Black residents. The Task Force argues this move is a …