By Robert Romano The U.S. Federal Reserve has once again hiked interest that it charges…
$100 billion run on deposits, rising interest rates put First Republic into FDIC receivership, JP Morgan takes over as another one bites the dust
By Robert Romano The Federal Deposit Insurance Corporation (FDIC) and the California Department of Financial…
Fox News has been touting its ESG, ‘diversity and inclusion’ goals since 2020 in annual ‘corporate social responsibility’ reports, and NewsCorp, too
By Robert Romano After Tucker Carlson’s firing by Fox News, do high ratings even matter…
Speaker McCarthy pushes for ‘debt limit negotiations’ with President Biden on $31.4 trillion debt as we stare into an abyss of ever larger banks
By Robert Romano “A no-strings-attached debt limit increase will not pass.” That was House Speaker…
Inflation dips to 5 percent as demand begins collapsing, Fed set to keep increasing
By Robert Romano The consumer price index has continued to descend from its June 2022…
China has dumped $150 billion of U.S. treasuries since Jan. 2022. Is it a prelude to war?
By Robert Romano Since Jan. 2022, China has reduced its U.S. treasuries held outright, from…
Gross interest on the $31.4 trillion national debt will hit $1 trillion in 2024 as reserve currency status is questioned
By Robert Romano Gross interest owed on the $31.4 trillion national debt—that is, interest owed…
Peak employment holds steady—for now—as the unemployment rate holds at 3.5 percent and hiring slows down
By Robert Romano The unemployment rate reported by the Bureau of Labor Statistics was down…
It would take a vote of Congress to authorize a central bank digital currency, and Congress has not voted.
By Robert Romano “[W]e would not proceed with this without support from Congress, and I…
Fed stays the course with interest rate hike with at least one more interest rate hike expected. Is it a vote of confidence in banking system?
By Robert Romano The Federal Reserve Board of Governors after its March 22 meeting once…