In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche
This is the big dilemma that brick and mortar institutions whether they be giant monster banks or small local operations face. There are generations of people out there that almost never use brick and mortar banks; including Generation Xers (like me) and Millennials.
Read More
Zions is a good barometer of the regional economy in the West because it owns several regional banks including: Amegy Bank of Texas, Vectra Bank in Colorado, the California Bank & Trust, the Nevada State Bank, the National Bank of Arizona, The Commerce Bank of Oregon, The Commerce Bank of Washington and Zions First National Bank in Utah. A look at Zions’ financial numbers can give us a glimpse of how the economy in those states is doing.
Read More
I’ve begun to really like bank stocks lately because they’re cheap and fast-growing but produce a lot of income. One
Read More
The major economic factors that could affect US Bank’s future are growing income inequality and its underlying cause: wage and income stagnation in the U.S. Average incomes in 81% of the U.S. have not increased since 2000, and in some areas, they are substantially lower. This could affect banks such as US Bancorp because working- and, increasingly, middle-class households have less ability to pay off loans. More defaults and less overall revenue could be a result.
Read More
I consider Alphabet (NASDAQ: GOOGL) recession resistant because itcan generate enormous amounts of cash.
For example, Alphabet had $133.97 billion in cash and short-term investments on 31 March 2022. The cash and short-term investments fell from $139.649 billion on 31 December 2021 and $135.104 billion on 31 March 2021.
The builders think traders will participate in Balancer because it offers decentralized trades at what they call optimal prices. They claim a feature called the Smart Order Router finds traders who will pay the best price. Users can exchange any combination of ERC-20 (Ethereum Request for Comment) tokens on Balancer.
Read More
The Reserve Rights (RSR) is an Ethereum stablecoin powered by the Reserve Protocol. They back the Reserve Protocol with other stablecoins. The Reserve Protocol’s current backing comprises one third USD Coin (USDC), one third TrueUSD (TUSD), and one third PAX Dollar (USDP).
The gold standard is destructive and disruptive because it offers the illusion of stability and permanence.
Read More
The difference between the CBDC and current digital versions of the dollar is that the Fed itself will create the Digital Dollar. Thus, the Federal Reserve will control the supply of a U.S. Central bank digital currency.
Read More
You can also use the STP to construct stablecoin that up a basket of assets that locks up collateral. For example, a stablecoin that locks up gold, Bitcoin (BTC), US dollars, and bonds.
Read More