Bank of America Archives

According to Bank of America research, the debt to GDP ratio is approximately 100 percent, which parallels the unprecedented levels seen during World War 2

Economy

US debt stands at a staggering $34 trillion: Report

PGurus Newsdesk - January 29, 2024 1

US debt stands at $34 trillion; forecasted to hit $3 trillion by 2030 The US’ mounting debt structure currently stands at a staggering $34 trillion,...

When the burst is recognized publicly due to the failure of some large banks in the weeks ahead, it will be described as a black swan event that could not have been foreseencognized publicly due to the failure of some large banks in the weeks ahead, it will be described as a black swan event that could not have been foreseen

Economy

2008 Redux? YES and NO

Shanmuganathan Nagasundaram - October 23, 2023 2

Collapse of US HB2.0 underway The US housing bubble 2.0 collapse is actually underway as we speak. Most banks are already internally realizing the same,...

The incentives in bank regulation are so messed up and so many people have an interest in having them messed up … it’s totally crazy, says Buffet

US Politics

Executives who led US banks into crisis should face ‘punishment’: Warren...

PGurus Newsdesk - May 8, 2023 1

Warren Buffett slams US Govt handling of bank failures As the American economy grapples with the worst series of bank failures since the 2008 financial...

For the Twitter deal, Musk pledged to provide $46.5 billion in equity and debt financing, which covered the $44 billion deal and closing costs

Stocks

Elon Musk sells Tesla shares worth $3.95 billion days after Twitter...

PGurus Newsdesk - November 9, 2022 1

Elon Musk sold additional shares of his electric car company after closing a $44 billion purchase of Twitter The latest filing with the US Securities...