As the week ends, it’s time to catch up on the top stories that shaped the week. From Michael Burry‘s ominous prediction about the U.S. banking system to the Federal Reserve’s strategic move to insulate itself from political interference, here’s a roundup of the key events that unfolded.
Federal Reserve’s New Treasury Buying Plan Shows Banks Are Weaker Than They Look
Michael Burry, the investor who famously predicted the 2008 housing collapse, has raised a red flag about the U.S. banking system. He believes that the Fed’s decision to restart Treasury bill purchases is not a sign of strength but rather a sign of growing fragility. Burry highlighted the Fed’s plan to initiate “reserve management purchases” (RMPs) as an indicator of the banking system’s increasing vulnerability.
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Trump’s Tariffs Rewrite Trade Math — Deficit Hits 5-Year Low
President …Full story available on Benzinga.com
Elon Musk’s $50K Tiny House, Rivian’s AI Turn And More: The Week In Mobility
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