Latest / The Kākā by Bernard Hickey
What the US and European bank rescues mean for us
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TL;DR: No wonder an entire generation of investors are used to ‘buying the dip’ and ‘holding on for dear life’.
US Treasury Secretary Janet Yellen has again overnight reassured American savers and global savers generally that the power of the US Treasury and Federal Reserve to loan unlimited amounts to banks will protect all savers, even the ones with millions of dollars in bank accounts with deposit insurance limited to US$250,000.
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The skinny
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