The Interest Rate Increase and the Attack on Savings

The Fed’s recent interest rate increases have set off alarm bells across the economy. When interest rates go up, the cost of borrowing money increases, which can put a squeeze on both businesses and individuals. Companies may cut back on investments and hiring, while consumers may curb their spending, leading to a slowdown in economic…

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Banks are Not Safe: Why the Silicon Valley Collapse Should be a Warning for Everyone

The finance world was shaken by the rapid collapse of one of America’s biggest banks last week. Silicon Valley Bank (SVB) before its collapse was ranked 16th among America’s biggest banks. It served several venture-backed tech companies and witnessed exponential growth in capacity with the tech boom of the pandemic and immediate post-pandemic periods. The…

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