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Total Number of Banks by Country:
1. United States: 4,100
2. Russia: 330
3. United Kingdom: 310
4. Germany: 250
5. Switzerland: 240
6. France: 230
7. Italy: 220
8. China: 190
9. India: 140
10. Spain: 130
The US has more banks than the rest of the top 10 combined.
Sadly, the regional bank crisis is accelerating consolidation of banks in the US.
The characteristic that made US banks unique is disappearing.
A few banks will soon control all US deposits.
finance.yahoo.com/news/cpi-previ…
Investors will turn their attention to criticaldata that will help determine the future of #FederalReservepolicy: the #Aprilinflation report.
Schooley Mitchell: Brian Plain & Joe Gifford
225 Cedar Hill St
Suite 200 D117 Marlborough, MA 01752
508-266-5814
Fed expectations are shifting.
Markets now see a 31% chance of a rate cut in July.
The base case shows three 25 bps rate cuts this year beginning in Sept.
It’s time to deal with the aftermath of the fastest rising rates in history.
Fed futures think the Fed broke the system.
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Learn more about "Reducing Corporate Overhead" for companies AND businesses #Near Marlborough MA, 01752:
Schooley Mitchell: Brian Plain & Joe Gifford
225 Cedar Hill St
Suite 200 D117 Marlborough, MA 01752
508-266-5814 g.co/kgs/oW5Tbwbusinesscost.net/reducing-corpo…#LOWEROVERHEAD
Inflation rate:
Argentina 🇦🇷 104%
Turkey 🇹🇷 43.68%
UK 🇬🇧 10.1%
Italy 🇮🇹 8.3%
Germany 🇩🇪 7.2%
South Africa 🇿🇦 7.1%
Australia 🇦🇺 7%
Mexico 🇲🇽 6.85%
France 🇫🇷 5.9%
India 🇮🇳 5.66%
Netherlands 🇳🇱 5.2%
USA 🇺🇸 5%
Brazil 🇧🇷 4.65%
Indonesia 🇮🇩 4.33%
Canada 🇨🇦 4.3%
Spain 🇪🇸 4.1%
South Korea 🇰🇷 3.7%
Russia 🇷🇺 3.5%
Japan 🇯🇵 3.2%
Saudi Arabia 🇸🇦 2.7%
Switzerland 🇨🇭 2.6%
China 🇨🇳 0.7%
San Francisco home prices are down 33% in just 1 year.
The city lost 7% of its population since 2020.
Home prices in the Bay Area are down more over the last 10 months than the first 10 months of the Financial Crisis.
The decline of San Francisco is alarming.
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Number of years it took each product to gain 50 million users:
Airlines: 68 years
Cars: 62 years
Telephones: 50 years
Credit Card: 28 years
TV: 22 years
Computers: 14 years
Internet: 7 years
PayPal: 5 years
YouTube: 4 years
Facebook: 3 years
Twitter: 2 years
WeChat: 1 year
.
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PornHub: 19 days