European banks next?
Man Group reports that the risk of defaults is spreading to European banks. Man Group believes that the turmoil in the banking sector, which is shaking companies like New York…
Money market funds in the U.S. have for the first time grown to $6 trillion
This is the total value of their assets. The growth continues as the Federal Reserve’s rate remains high. Recall that a couple of days ago, it was not lowered but…
Gold rush goes on
Global central bank gold reserves have increased by more than 1000 tons for the second consecutive year. In 2023, 1037 tons were acquired, slightly less than the 1081 tons purchased…
Another round of banking crisis?
New York Community Bank #NYCB shares fell more than 35% today. The bank reported an unexpected loss for the fourth quarter and also cut its dividends. This is the same…
Indebted America
Interest payments on the U.S. national debt have reached the level of one quarter’s federal budget revenue. In other words, American taxpayers effectively work for three months each year solely…
Bitcoin ETFs amass 95,000 BTC in 6 days, approaching $4B AUM
Fidelity’s (FBTC) and BlackRock’s iShares Bitcoin Trust (IBIT) have both had over $1.2 billion in inflows in the first six days of trading. The recently approved spot Bitcoin exchange-traded funds…