Timothy Sumer

(15 Mar 2023)   RESTRICTION SUMMARY: ASSOCIATED PRESS Washington - 22 September 2022 1. STILL of Sen. Elizabeth Warren speaking at a Senate Banking Committee hearing   ASSOCIATED PRESS Washington – 15 March 2023 2. SOUNDBITE (English) Sen. Elizabeth Warren, (D) Massachusetts: “The problem that we've seen most recently is that we're we're reaping the consequences of lighter regulation. When Chair Powell started leading the deregulatory movement in the Federal Reserve and getting the regulators to lighten up, the consequence is problems get missed, the oversight becomes lighter. The stress tests during Pal's term have become easier. They've become less frequent. And that means that problems that bubble up, problems because the executives want to boost those profits and the best way to boost profits take out a little more risk and a little more risk, that those problems don't get tamped out early.”   (Reporter: Is that why you've aske

(15 Mar 2023) Sen. Elizabeth Warren, D-Mass., blasted Fed Chair Jerome Powell on Wednesday over the bank runs involving Silicon Valley Bank and Signature Bank. Subscribe for more Breaking News: Website: Twitter: Facebook: Instagram: ​ You can license this story through AP Archive: ... ( read more ) LEARN MORE ABOUT: Bank Failures REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing On Tuesday, Senator Elizabeth Warren had a heated exchange with Federal Reserve Chair Jerome Powell over his handling of bank failures during the COVID-19 pandemic. During the Senate Banking Committee hearing, the Senator accused the Fed of being too lenient with large banks and criticized the lack of accountability both for those banks and for Powell himself. The Senator focused on the Fed's decision to ease regulations on the largest banks earlier this year after the pan

Two U.S. banks (Silicon Valley Bank and Silvergate) have collapsed. The Silicon Valley Bank collapse is the largest bank collapse since the 2008 recession, and the second largest U.S. bank collapse ever. The FDIC has taken control and is paying out depositors today, but with 95% of SVB's deposits uninsured, will this spark contagion throughout the banking sector and the U.S. economy? In breaking news, the Federal Reserve, the U.S. Treasury and the President himself have teamed up to bailout the banks, once again. New Money Clips: My Podcast: If you'd like to try Sharesight, please use my referral link to support the channel! :D (remember you get 4 months free if you sign up to an annual subscription!) ★ ★ PROFITFUL ★ ★ Learn to Invest with Brandon van der Kolk (BUNDLE OFFER) ► Learn to Master Your Tax Return (SPECIAL OFFER) ► ★ ★ CONTENTS ★ ★ 0:00 Silvergate and Silicon Valley Bank Collapse 1:00 How Banks Work 2:03 How Silvergate Collapsed 2:28 How Sili

Yahoo Finance Live discusses the latest 2023 recession outlook as inflation and Fed rate hike woes continue. Segments aired from Mar 28- Apr 4, 2023. Subscribe to Yahoo Finance: About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life. Yahoo Finance Plus: With a subscription to Yahoo Finance Plus get the tools you need to invest with confidence. Discover new opportunities with expert research and investment ideas backed by technical and fundamental analysis. Optimize your trades with advanced portfolio insights, fundamental analysis, enhanced charting, and more. To learn more about Yahoo Finance Plus please visit: Connect with Yahoo Finance: Get the latest news: Find Yahoo Finance on Facebook: Follow Yahoo Finance on Twitter: Follow Yahoo Finance on Instagram: Follow Yahoo Finance Premium on Twitter: #

Jerome Powell & the Federal Reserve just issued a major warning to the US Economy and Housing Market. Suggesting that financial conditions are tightening "more than the traditional metrics suggest". That's Powell implying that a bank credit crisis could be overtaking the US Economy in 2023. Which, combined with Fed Interest Rates Hikes, could mean that the layoffs are about to get much worse. Companies like Meta, Amazon, and Indeed are the most recent ones to announce big layoffs. The layoffs by Indeed are especially concerning. Because they have lots of data on the US Job Market. And they are seeing a big slowdown in new job listings. Which means the Recession in 2023 could accelerate. But these white collar layoffs haven't spread yet to the rest of the economy. Causing some to think that we'll have a "Soft Landing". Or will avoid a Recession entirely. Nearly 50% of the subscribers on my YouTube Channel think that at most we will experi

The Federal Reserve raised interest rates again against the backdrop of troubles in the banking industry. The hikes are being blamed by some for weakening banks, but Fed policymakers stuck to their stance that higher rates are essential to bringing inflation under control. Kenneth Rogoff of Harvard University joined Amna Nawaz to discuss the decisions and the state of the economy. Stream your PBS favorites with the PBS app: Find more from PBS NewsHour at Subscribe to our YouTube channel: Follow us: TikTok: Twitter: Instagram: Facebook: Subscribe: PBS NewsHour podcasts: Newsletters: ... ( read more ) LEARN MORE ABOUT: Bank Failures REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing The Federal Reserve has once again raised interest rates amidst the wake of bank failures. This move signals their commitment to stabilize the economy and prevent future financia

Michael Burry (of The Big Short) has recently warned of further inflation peaks throughout 2023. Earlier this month, Burry tweeted that CPI may have peaked for now, but is not the last peak of the cycle, hinting that political pressures will cause the Federal Reserve to lower interest rates to stimulate the U.S. economy out of its impending 2023 recession. So could Burry be right? And why is it that other value investors like Charlie Munger agree with his reasoning? New Money Clips: My Podcast: If you'd like to try Sharesight, please use my referral link to support the channel! :D (remember you get 4 months free if you sign up to an annual subscription!) ★ ★ PROFITFUL ★ ★ Learn to Invest with Brandon van der Kolk (BUNDLE OFFER) ► Learn to Master Your Tax Return (SPECIAL OFFER) ► ★ ★ CONTENTS ★ ★ 0:00 Michael Burry's Bold Predictions 1:22 Burry Tweets About 2023 Inflation 2:50 The Current Macroeconomic Situation 4:10 Political Pressure Causing Inflation

🎨 Skip the waitlist and invest in blue-chip art for the very first time by signing up for Masterworks: Purchase shares in great masterpieces from artists like Pablo Picasso, Banksy, Andy Warhol, and more. See important Masterworks disclosures: I do not think the market is pricing in the real possibility of another peak in inflation. When all of these things make it into the data that Fed looks at over the next few months, Jerome Powell might surprise the market by raising interest rates higher than expected or keep them higher longer than expected, or both. That doesn’t mean another 75 basis point raise on interest rates right now. It could be a couple 25 basis point raises that turn into 50. Or a couple 50 basis point raises that turn into 75. Or that interest rates stay closer to 4% instead of 3.25 through 2025. But here's the thing: Rents account for 32% of the CPI, don’t actually go down very often, and can lag the rest of the CPI by up to a year. Energy accounts

The Federal Reserve delivered a 75-basis point rate hike at its November meeting, as expected. But what's next? That's a little harder to decipher. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey digs into the mixed messaging that came out of the Fed meeting and concludes the central bank's monetary policy is "a wing and a prayer." He also covers the recently released Q3 gold demand data. Topics Covered -The Fed doesn't seem to have a real plan -Fed Chairman Jerome Powell's mixed messages -Market reaction to the Fed meeting -A comparison of rate hikes before the 2008 financial crisis to today -Third-quarter gold demand shows a healthy increase -The October labor market report You can visit the show notes page here: For more information, visit: SchiffGold on Twitter: @SchiffGold SchiffGold on Facebook: SchiffGold on Instagram: SchiffGold on MeWe: You may be eligible to add gold & silver to your 401k: For more

This week, the Federal Reserve raised interest rates another 75 basis points despite a second straight quarter of negative GDP growth. Meanwhile, Congress is debating a big government spending bill to "reduce inflation." In this week's Friday Gold Wrap podcast, host Mike Maharrey tries to unspin all of the spin and government propaganda to make some sense of what's going on. Visit the show notes page here: Tune in to the Friday Gold Wrap each week for a recap of the week’s economic and political news as it relates to gold and silver, along with some insightful commentary. For more information, visit: SchiffGold on Twitter: @SchiffGold SchiffGold on Facebook: SchiffGold on Instagram: SchiffGold on MeWe: You may be eligible to add gold & silver to your 401k: For more information - ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ SciffGold's "Friday Gold Wrap" Podcast: SchiffGold's "It's Your Dime" Interviews: ... ( read more )