Don’t bank on California, especially when banks are involved. Silicon Valley Bank’s collapse is widely discussed as a harbinger of the future, a sign of problems in technology businesses that were its best customers. But this bank failure actually fits a very old pattern — of California putting the world […]
World
WASHINGTON (AP) — The outlook for the world economy this year has dimmed in the face of chronically high inflation, rising interest rates and uncertainties resulting from the collapse of two big American banks. That’s the view of the International Monetary Fund, which on Tuesday downgraded its outlook for global […]
“It’s going to be chaotic,” claimed Douglas Rediker, who represented the U.S. on the board of the International Financial Fund from 2010 to 2012. Underscoring the budding fears, the Planet Lender past thirty day period warned of a looming “lost decade” for the economic system that could sap momentum for […]
(RNS) — Throughout Holy 7 days, we are called to hold our eyes on Jesus as he follows the route that qualified prospects him to the Golgotha and dying on the cross. When I was increasing up in the 1950s, preachers employed to emphasize that Christ was dying for our […]
In a grim report issued past 7 days, the World Lender warned of a sluggish-growth crisis in the world wide financial state that could persist over the coming 10 years until governments worldwide adopt what it phone calls “sustainable, expansion-oriented procedures.” The World Lender report says that world-wide advancement in […]
In the aftermath of the Silicon Valley Bank collapse, finance expert Robert Kiyosaki cautioned the central bank of a global powerhouse may be the next to belly up. “The biggest bank that’s going to go down is Bank of Japan,” Kiyosaki explained. “Because the Bank of Japan carried the interest […]