Saturday, March 18th, 2023
Special Edition: Bank Failures & High Inflation Explained
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Today, we’re focusing on two major money events impacting the economy and possibly your own bank account: The seemingly sudden failure of some U.S. banks, and stubbornly high inflation. We’ll get into inflation in the second half of this episode with the expert best known as the Inflation Guy. Michael Ashton is the managing principal of Enduring Investments and the host of the “Inflation Guy” podcast. We’ll discuss what triggers inflation, why prices don’t typically come back down after they go up, and so much more.
But first, the story getting all the headlines over the past week: major bank failures on a scale not seen since the Great Recession. We wanted to take more time to explain how this all happened and what can be learned from it. We’re speaking with Justin Baer, a senior special writer at the Wall Street Journal who has been covering the collapse.
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