With rising inflation, millions of Americans are worried more than paying more at the cash register. They are worried about their future, but the banks are quite sitting.
Like many of you, I still have nightmares about the 2008 crash.
In the days after the housing market collapsed, I remember the overall fear that seemed to permeate every aspect of our daily lives.
If I had to hear another person say, “Man, this economy …” I might have found the closest bridge to think of a jump. Instead of trying to leave yourself … it’s the same way to get out of the conversation and escape madness.
The best part of all that was that I was in the banking industry at the time and worked as an assistant branch manager.
So when I say I’ve appeared there, you can believe I’m not exaggerating.
Since the “too big to fail” blunder, people have kept banks at arm length and used them. Because they really don’t have a choice, but they don’t trust both money protection and growth.
Trick me once and be ashamed of you … Do you fool me twice? You know where I’m going with this …
And for the last 13 years, banks have been nerdy kids at parties – everyone is friends only when there are no other companions.
But that may all be changing …
Raising interest rates makes banks “cute girls” again
Rising inflation may soon make the banking system attractive to the proverbial ball, and the development of the horizon may change the way the investment world looks at banks again.
Inflation is real mother just now…
And to fight it, the Federal Reserve will probably raise interest rates.Don’t worry right away, but Newly reappointed Federal Reserve Chairman Jerome Powell Suggests that interest rates will be raised early next summer, which will trigger a chain reaction felt throughout the financial world.
Some investors are diversifying and trying to guarantee profits from their deposits, which could bring funds back to the bank.
When I first started banking, CDs (certificates of deposit) earned more than 7%!
Sure, you had to lock in your money for five years … but the benefits are guarantee At the end of everything.
With rumors of interest rate hikes swirling, it may be the best time for active investors to start considering some good deals in the banking industry.
It is said that it will take about 6 months for Powell to start raising prices …
But as you know, it’s a blink of the financial industry. So you should probably start hunting yourself.
Our Sherpa climbing the mountains on Wall Street
Well, as always, Adam Odel and Charles Sizemore are ahead of the curve.
They are already targeting companies in this sector and believe this will grow rapidly.
The Independent Bank (IBCP) recently appeared on the Green Zone Fortune Hotlist. Listen to the company’s third-quarter results and you’ll see why this stands out from the crowd.
The company’s revenues increased 5.7% year-over-year, with mortgage profits of $ 8.4 million, mortgages totaling $ 453.8 million and portfolio loan growth of $ 69.4 million. , They were able to issue a dividend of $ 0.21 per share.
Well, remember, the independent bank was doing all this before the upcoming rate hike just above the horizon …
If that happens, who knows how high the IBCP will be.
What i do NS I know that if you want to be in front of the crowd, you should start moving now.
I think it’s best to make Adam and Charles the Sherpa of Wall Street Mountain. So if you’re looking for guidance, consider registering for Green Zone Fortune today.
But we get it when readers like to pave the way for themselves … so I can make sure you have all the information you need to start your own research. I’m happy.
Understand that the Pike has undergone major changes. It’s best to be ready, right?
As I always say, pre-warnings are pre-warned …
We will act accordingly!
“If authorities detain banks and are aware of the activities of fringe banks and other financial institutions, they are in a better position to undermine the destructive expansion trend of our economy.” – Hyman Minsky
Coming Interest Rate Hike Has Banking Sector POPPING Source link Coming Interest Rate Hike Has Banking Sector POPPING
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