US Banking System in Peril: FDIC Raises Alarm on Crypto Risks!
In 2023, the Federal Deposit Insurance Corporation (FDIC) unveiled their annual Risk Review. In the comprehensive report, the federal agency examined new and emerging threats to the stability and security of the US banking system. The most notable development is the new category of risks arising from the rapidly developing field of cryptocurrencies and their […]
Americans’ Savings Decimated by $1.76 Trillion as 2020 Skyrockets Credit Card Debt to Record Levels!
Understanding American Consumers: A Look at Savings and Expenditure In the wake of the global economic turmoil brought about by the Covid-19 pandemic, economic insights and consumer data have become highly useful. Central to understanding economic trajectories has been looking at consumer behavior, savings, and spending patterns. Let us unpack some key revelations from recent […]
Renowned Economist Peter Schiff Forewarns Stagflation Crisis in US Economy: Brace for Worse
Economist Peter Schiff has recently warned that the United States economy is facing stagflation, a situation characterized by slow economic growth and rising inflation alongside high unemployment. According to Schiff, not only is the U.S. economy weakening, but inflation is strengthening – a combination that will inevitably result in the worst of both worlds, i.e., […]