credit crunch – DIGIT INFO

Investors Seek Refuge in Cash as Recession Fears Mount, BOFA Survey Reveals

DIGIT — Thu, 18 May 2023 06:30:13 +0000

Investors, plagued by mounting pessimism, have sought refuge in cash, according to a recent survey conducted by Bank of America. The survey highlights a notable 5.6% increase in cash reserves during May, as apprehensive investors brace themselves for a potential credit crunch and a recession. Flight to Safety: Investors Increase Cash Reserves and Brace for […]

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Explaining ‘Bank Walks’ — Study Assesses How They Might Affect Credit

DIGIT — Tue, 11 Apr 2023 10:19:56 +0000

Bank walks are a new liquidity movement phenomenon identified by analysts, characterized by a slow drift of deposits to take advantage of better yield opportunities. Such “walks” might prove to be pernicious to the banking system, as they cannot be stopped and have effects on credit availability. What Are ‘Bank Walks’? Bank walks, so called […]

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‘Dr. Doom’ Nouriel Roubini Warns of Looming Banking Crisis and Trilemma for Central Banks

DIGIT — Mon, 03 Apr 2023 03:30:07 +0000

Economist Nouriel Roubini has shared his opinion about bank problems in the United States in a recently published opinion editorial. In the article, Roubini insists that “most U.S. banks are technically near insolvency, and hundreds are already fully insolvent.” Roubini: ‘Liquidity Support Cannot Prevent This Systemic Doom Loop’ The renowned economist Nouriel Roubini, also known […]

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US credit crunch means it’s time to buy gold and Bitcoin: Novogratz

DIGIT — Thu, 16 Mar 2023 04:26:57 +0000

The Galaxy Digital CEO predicts tough times ahead for the U.S. economy, but continues to be bullish on crypto.

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