Silicon Valley Bank… Bailout or Not?

Sure, lots of people, from Mark Cuban to Bill Ackman to Janet Yellen, all say that the government isn’t bailing out the Silicon Valley Bank (SVB). But is that debate even the most important one? Basically, by backing up all depositors, the federal government basically said that they will insure all money deposited into SVB. …

Gift Card… Tragedy?

I just saw a scary article recently (albeit a little late to the party)… Credit Summit recently reported a survey done in December of 2022 that showed that roughly $21 billion of gift cards have gone unspent!! That’s more than the GDP of many countries! Senegal, Nicaragua, Afghanistan… The list goes on! The survey goes …

Should you be worried about the Real Estate Market?

“US Housing Market Posts $2.3 Trillion Drop, Biggest Since 2008” was a recent headline from Bloomberg.  Yahoo finance reported that “the total value of San Francisco homes fell 6.7% in December, to $517.5 billion, a $37.3 billion decline year over year.” That’s a whole heckuva lot of money! Should the everyday homeowner be worried? To …