We read this and think of when we bought our 1st property back in the late 70s and the interest rate was EIGHTEEN PERCENT!

by Michael E Dehn | Aug 23, 2023 | Banking and Finance, Breaking News, consumer spending and sentiment, Humanoid endeavors, Latest News

US mortgage rates will create ‘dire’ situation for real estate market, expert warns (msn.com)

The SEC is trimming the “hedges”..

by Michael E Dehn | Aug 23, 2023 | Banking and Finance, Breaking News, consumer spending and sentiment

https://nypost.com/2023/08/23/sec-overhauls-rules-for-20t-private-equity-hedge-fund-industry/

Yikes

by Michael E Dehn | Aug 23, 2023 | 2024 election realities, Banking and Finance, Breaking News, General interest, General politics, Latest News, Media, World economic impacts

The US government has already spent $5.3 TRILLION this year. We are on track for the 4th consecutive year with $6 trillion or more in government spending. Since 2020, the US government has spent a jaw dropping $25 TRILLION. To put this in perspective, the market cap...

The “sole” of business is suffering…

by Michael E Dehn | Aug 23, 2023 | Banking and Finance, Breaking News, consumer spending and sentiment

https://www.reuters.com/business/retail-consumer/foot-locker-plummets-drags-down-peers-forecast-cut-dividend-pause-2023-08-23/?utm_source=Sailthru&utm_medium=Newsletter&utm_campaign=Reuters-Business&utm_term=082323

“BANKING STUFF”

by Michael E Dehn | Aug 23, 2023 | Banking and Finance, consumer spending and sentiment, World economic impacts

Deposits at the 25 Largest Banks Are Setting Lower Lows as Smaller Bank Deposits Set Higher Highs (wallstreetonparade.com)

Interesting take on financial services and AI from our friends at Business Intelligence :-)

by Michael E Dehn | Aug 23, 2023 | AI artificial intelligence, Banking and Finance, Breaking News, consumer spending and sentiment

Financial Services Will Embrace Generative AI Faster Than You Think https://t.co/tkphBE1zxX via @a16z #AI #GenerativeAI #LLMs #financialservices #Fintech #personalized #CX #RiskManagement #Compliance ☑️ While traditional AI/ML is focused on making predictions or…...