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Banking, Economy

“Treasuries Surge as Traders Bet on Emergency Fed Rate Cut”

“Bond traders are piling into bets that the US economy is on the verge of deteriorating so quickly that the Federal Reserve will need to start easing monetary policy aggressively — potentially before their next scheduled meeting — to head… Continue Reading…

Economy, Uncategorized

“ALEX JONES [FULL] Monday 7/15/24 • ALERT! Emergency Message Concerning Future Of America & The World” [Click Here To Watch]

https://www.bitchute.com/video/VAtTCQ0ONvz7 Click link to watch video. Everyone knows by now there was an attempted assassination on former President Donald Trump. America needs help. This country is in so much trouble right now. This is not business as usual. Pun intended.… Continue Reading…

Economy

“29% of households… ‘one emergency from poverty,’ one expert says”

“Over time, higher costs [Inflation] and sluggish wage growth have left more Americans financially vulnerable, with many known as “ALICEs.” Nearly 40 million families, or 29% of the population, fall in the category of ALICE — Asset Limited, Income Constrained, Employed — according to United… Continue Reading…

Business

“56% of Americans can’t afford a $1,000 emergency expense: We are ‘living in a paycheck-to-paycheck nation,’ money expert says”

“Only 44% of Americans surveyed said they could use their savings to pay for an unexpected expense, instead opting to put it on a credit card or borrow cash from family or friends…” https://www.cnbc.com/2024/03/19/why-now-is-a-smart-time-to-build-emergency-savings.html

Economy

“New Orleans braces for drinking water emergency from drought-stricken Mississippi River”

“Officials in Louisiana are in a race against time as salt water from the Gulf of Mexico threatens drinking water supplies in New Orleans and its surrounding areas because of unusually low levels in the drought-addled Mississippi River. New Orleans… Continue Reading…

Economy, Personal Finance

“Only 19% of Americans increased their emergency savings in 2023. ‘That puts households in a bind,’ expert says”

“Largely due to high inflation and rising interest rates, 81% of adults said they did not contribute to their emergency savings this year, and 60% also said they feel behind when it comes to building a cash cushion, according to a new Bankrate report…”… Continue Reading…

Personal Finance

“57% of people are uncomfortable with their level of emergency savings. Here’s how much they think they need”

“…But when it comes to emergency savings, more than half of Americans — 57% — are uncomfortable with the level of money they have set aside, according to a new Bankrate survey… To feel comfortable with their amount of cash… Continue Reading…

Economy, Personal Finance

“As emergency savings drop and credit card balances rise, experts say taking 3 steps can help”

“Americans have suffered in “declines in overall financial well-being,” according to a new annual Federal Reserve report on economic well-being of U.S. households released last week. Only 63% of all adults can cover an unexpected $400 expense, the report on 2022 found, down from… Continue Reading…

Banking, Economy

“Fed launches 2 emergency programs last seen in 2008 crisis”

“The first, announced mid-morning, is intended to unclog a short-term lending market for what is known as “commercial paper.” Large businesses issue commercial paper, which is essentially the equivalent of an IOU, to raise cash to meet payrolls and cover… Continue Reading…

Banking

“Fed takes emergency steps to slash rates and ease bank rules”

“The Federal Reserve took massive emergency action Sunday to try to help the economy… slashing its benchmark interest rate to near zero and saying it would buy $700 billion in Treasury and mortgage bonds. The Fed’s surprise announcement signaled its… Continue Reading…