When That Happens...
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When That Happens...
Last Friday another bank failure occurred, the fourth within a relatively short period of time.
Did any of you see this on the news, did you see it on any major news outlet. The short answer is no, you did not.
For now, FDIC, federal insurance has covered all customers,
no
It's a trick with a limited lifespan, as this repeats, and it will, that security blanket disappears. When that happens, brace yourself.
Recession fears have faded and the buzz is all about a possible soft landing. It might be. However, as we dig deeper, Yellow, a 99-year-old trucking company just went under, and 30,000 people lost their jobs.
If the economy is growing as strongly as reported, why are so many regular hard-working folks losing their jobs in this country?
Look back over the last six months and research the thousands that are laid off weekly, not monthly.
Statistics and the real-world are two separate conversations.
By the way, the trucking business has suffered other major blows in this stellar economy.
Inflation according to the official number is at 3%...on planet Earth, that's far from the truth... take appropriate measures before the next bump on the road...dollar...crude oil...grains...stock market...bonds...and bank failures, almost forgot.
Short-term: Headlines are your buying opportunities.Long-term: Fundamentals are your guide.
Much success to all. |
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