This is what pressure on bank deposits look like when short term rates rise so quickly. Depositors take flight to Money Market Funds to get a higher yield removing their deposits from the banks.
At our podcast studio about to record our 60th episode 🎙️! Crazy to think that we started this October 28th and here we are almost 7 months later and at our 60th epsiode! Appreciate all the support from family, friends, and colleagues during this launch! #Mortgage #podcastersunite #podcast🎧
True story sent myself an email in 2008 title “Never Forget” and I wrote what I had in checking, savings and 401K and also listed all my debt. Email still lives in my inbox today so can refer it from time to time it’s best form of motivation! #Motivation#podcaster#grind
Powell said in yesterday’s Fed briefing “he had no idea banks could collapse that easily.” What? Was he not around in 2008? Oh by the way raising short terms rates so quickly has been a catalyst. #Fed#FederalReserve#PacWest#FirstRepublicBank
Controlling your controllables, your talents, your skills, your knowledge all which lead to higher results for you and your family! @whatsyour1more#PodcastRecommendations
@damonwest7 Great job! You brought so many great things to this podcast show @whatsyour1more , it was one of highest watched and listen to episodes on YouTube and Apple we have done to date! Link below ⬇️ https://t.co/Jb4MYYsQpg