As we head into the first weekend of Spring, here is SMI's weekly Roundup of recent articles on investing, personal finance, and stewardship.
What is a bailout? (Barry Ritholtz, The Big Picture). "Politicos need to understand the difference between protecting the system from disaster and rescuing people from their own folly."
Everything bankers thought they knew about deposits might be wrong (Wall Street Journal). Many banks that were paying little or no interest to their depositors failed to contemplate how customers would react to rising rates.
Charles Schwab says it could ride out a deposit flight (Wall Street Journal). A top executive for the brokerage giant says the company could continue to operate even if it lost most of its deposits.
MMF assets hit record $5.1 trillion (Crane Data). Large investors, wary of the banking situation, "are fleeing into money funds."
What is FDIC, NCUA and SIPC insurance — What are the limits? (Kiplinger). An overview of the differing backstops in place to protect bank depositors, credit union members, and investors.
There will be no soft landing (Matthew Continetti, Washington Free Beacon). "The chaos in the banking system is the result of decades of low to zero interest rates and $6 trillion in fiscal stimulus since 2020."
The return of the bond market (Morningstar). "The market has recalibrated, and yields have reset higher. Higher yields mean higher future returns."
No going back (Jonathan Clements, Humble Dollar). Many retirement-related decisions are difficult or impossible to reverse. Don't make them lightly.
College acceptance and financial aid letters are going out — how to understand your offers (CNBC). Aid letters often make it look like student loans reduce the cost of attendance. Don't be misled.
Which countries hold the most U.S. debt? (Visual Capitalist). China is the top holder (if you group "China and "Hong Kong" together).
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