It’s not the big money-centre banks in Wall Street you have to worry about. It’s the smaller regional and community banks. The Federal Deposit Insurance Corporation shut four more of them over the weekend. That’s 20 for this year, which is a lot less than the 140 last year. But if you wanted to see a spike in U.S. bank failures, you’d definitely raise interest rates.
February 22nd, 2010 | Dan Denning | 41 comments | ContinuedAll Posts Tagged With: "equities"
Temptation for the Investors
There’s nothing like a little temptation to get the juices flowing. A roulette wheel that seems to stop just where you thought it would…a pretty woman who smiles at you on the cross-town bus…a pastry as big as a sombrero and as rich as El Dorado – oh…Heaven forefend!
But the hardest temptation to resist is the temptation of getting something for nothing.
March 17th, 2009 | Bill Bonner | 0 comments | Continued