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SHOCKING: 3 - You Need To See This

Trump says he doesn't "want to be Herbert Hoover" and says he hopes economy crashes in next 12 months

Former president made the comments on network owned by MyPillow founder Mike Lindell.

Fortune

Research shows that grandparents are great personal finance teachers. Here’s what my poppa who became an accountant during the Great Depression tried to teach me about money

Almost a third of grandchildren (30%) say their grandparents passed down "financial and money-saving advice."

Fortune

Mike Sielski: Vic Seixas, the oldest living Wimbledon champ, is turning 100. He has no time for Djoker or Rafa or pity.

PHILADELPHIA — The oldest living Wimbledon champion doesn’t take in much tennis anymore. It bores him. Too much power. Too many booming serves and baseline rallies. When Vic Seixas was learning the sport in Overbrook Park during the dawn of the Great Depression, working as a ball boy at the…

The Philadelphia Inquirer

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China censors top financial pundit over economy comments

BEIJING: A prominent Chinese financial journalist who has compared the country's economic problems to the Great Depression has been banned from social media.

Bangkok Post

You're about to pay more for orange juice as Florida citrus growers see the smallest crop since the Great Depression

The Department of Agriculture estimates the lowest totals in 90 years.

Fortune

Degrowth isn't the same as a recession – it's an alternative to growing the economy forever

The UK economy unexpectedly shrank by 0.3% in March, according to the Office of National Statistics. And though the country is likely to narrowly avoid an official recession in 2023, just as it did the previous year, the economy is projected to hit the worst growth rates since the Great…

The Conversation

Billionaire investor Charlie Munger says stock market ‘gambling’ is as addictive as ‘heroin’—but he sees no way to fix it

Berkshire Hathaway's Munger criticized investors who trade like they're "gambling" and said it causes harm like the Great Depression.

Fortune

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Editorial: It’s back: Farm bill still crammed with subsidies, pork

Decades ago, when the late Harry Reid was relatively new to the upper chamber, a book arrived at our offices courtesy of the Democratic senator. It was “The Farm Fiasco” by libertarian author James Bovard, a piercing work that critically examined the labyrinth of subsidies, handouts, pork and market distortions…

Tribune News Service

SVB's newfangled failure fits a century-old pattern of bank runs, with a social media twist

The failure of Silicon Valley Bank on March 10, 2023, came as a shock to most Americans. Even people like myself, a scholar of the U.S. banking system who has worked at the Federal Reserve, didn’t expect SVB’s collapse.

The Conversation

‘Gerbil banking’ preceded the Great Depression. We’re seeing it again today

Big banks are attracting more deposits–and putting money back into failing banks. A similar system existed in the run-up to the Great Depression.

Fortune

Silicon Valley Bank might have just blown up a banking regulation that was put in place at the depths of the Great Depression

Why deposit insurance matters: Without it, America's press secretary had to put his money under a mattress in the 1930s.

Fortune

Did deregulation lead to Silicon Valley Bank's collapse?

It was a scene straight out of the Great Depression: a major California bank locking its doors and pulling down the shades as a horde of panicky depositors demanded their money.

Los Angeles Times

How Long? How Often? 10 Facts About Economic Recessions

Fears of an economic downturn are once again on the rise, but what is a recession, exactly? We tackle this and other questions here.

Kiplinger

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