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USA: The financial meltdown is beginning. (www.nbcnews.com)

submitted 4 months ago by shortwavesurfer@monero.town to c/personalfinance@lemmy.ml

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They are keeping this quiet, but this affects 2.9% of US bank customers.

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[–] sugar_in_your_tea@sh.itjust.works 4 points 4 months ago (1 children)

Eh, it's just fintech nonsense. As long as you don't use sketchy banking-esque products, you should be fine.

[–] shortwavesurfer@monero.town 1 points 4 months ago (1 children)

For now, yes. Last year, it was tech. This year, it's fintech, which is still tech. And we've got the looming tsunami wave of commercial office space on the horizon, too. Last year, nobody had any issues getting their money. This time, 2.9% of people did. What will it be next time?

[–] sugar_in_your_tea@sh.itjust.works 1 points 4 months ago

There will always be something to trigger a market correction. Fintech is a good guess since they have kind of followed the wave of tech hype, but I highly doubt it'll trigger anything more than a modest market correction in the finance sector.