Articles

The first half of 2024 saw the beginning of a banking crisis that will have repercussions for years to come, which will lead to a period of consolidation within the banking industry as well as a rethink of the role of banks in the US economy. During this period of significant stress, it is important to note that there are vast differences in the quality of banks as well as diverse operating models which will result in broadly varied outcomes.

Conditions beyond the control of the U.S. government may exist for a collapse of the almighty dollar.
Hyperinflation and government spending hallmarking the U.S. economy over the past three years haven’t helped keep the dollar’s value as stable as economists and everyday Americans had hoped.
However, a more likely trigger for the dollar’s precarious situation exists outside our nation’s borders.
It is the acronym BRICS, which stands for Brazil, Russia, India, China, and South Africa.

It’s a mixed bag when it comes to calling a recession for the U.S. economy sometime this year. Most economists still see a recession as the U.S. Federal Reserve sends signals of more interest rate hikes to decelerate inflation.
The good news is people are working and unemployment is low. Also, consumers have continued to spend—more recently on services, but the buying of goods, in particular durable goods like big-ticket items including appliances and cars, could slow down. That would be a positive because it would help drive slower inflation.