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Newsfeed: “US Banking Will Be Forever Changed”

Newsfeed: “US Banking Will Be Forever Changed”

All our client money is held in our investment funds, and excess fund cash is in T-Bills for security, so I wasn’t asking about that. I was asking about cash that our firm had on deposit at a commercial bank. Like so many other small and medium sized businesses, that in aggregate make up the US economy, we turned to a local bank when we started the firm in Santa Barbara, California, 10 years ago this week.

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Newsfeed: Homebuilder Confidence Rises for Third Consecutive Month

Newsfeed: Homebuilder Confidence Rises for Third Consecutive Month

The NAHB index rose two points to 44 in March, according to a Wednesday press release. The mild rise in homebuilder confidence exceeded economists’ expectations; a Wall Street Journal (WSJ) poll of economists believed the index would drop to 40. The NAHB’s March score is the highest reading since September 2022.

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Newsfeed: Shelter Inflation Hits Record High As Americans’ Real Wages Drop For 32nd Straight Month

Newsfeed: Shelter Inflation Hits Record High As Americans’ Real Wages Drop For 32nd Straight Month

After January’s disappointing ‘stall’ in the linear demise of inflation, consensus expectations were for a re-acceleration of the YoY decline in headline CPI (from 6.4% to 6.0%), and the actual print came in right on expectations (+0.4% MoM, +6.0% YoY). That is the lowest YoY CPI since Sept 2021…

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