Okay, Susie, are you ready for today's podcast?

Oh, you bet I am, because I'm unstoppable.

I'm unstoppable. I'm a burden with no breaks. I'm invincible.

Yeah, I would never single day. Mines of our phone. I don't need batteries to play. I'm so confident.

Yeah, I'm unstoppable today.

April 30th, 2023. Welcome everybody to the Women in Money podcast, as well as everybody smart enough to listen.

So today is Susie's school. And today I want to talk about what I know for sure with things that have happened in the economy,

as well as touching a little bit on oil and PXT because I know all of you want to know about it.

I am not going to be talking about series I bonds today, even though I know that the rate is at 4.3%, the fixed rate is at 0.9%.

And everything I haven't changed my mind about it.

So we can talk about it a little bit if you want to next week, but really there's not much more that I want to say.

And the reason is, especially as I go through what I know for sure, I know for sure I want my money to be liquid and I can get at it when I know I can get at it and not have to wait for a period of time to do so.

So that's just as simple of an explanation as I could give you as to why I'm sticking by what I talked about before when it came to series I bonds.

So what do I know for sure when it comes to the economy right here and right now?

This is not a heavy Suzy school, but it's really what is going on and what I know for sure and what you should know for sure about this economy.

So get out your Suzy notebooks.

I want to start with the banking system and regional banks because you know it wasn't that long ago.

What was it March 10th when Silicon Valley bank went under when signature bank went under when silver gate went under I know for sure as you know for sure three banks went under and we also know that the people who had money in those banks that were over the FDIC insurance limit.

For whatever reason the FDIC the government and everybody decided that we were going to make them whole even if they were over the FDIC insurance limit.

Okay, whether that was wise or not only time will tell, but what's really important to understand is that just because they did that with those three banks does not mean on any level that they are going to do it with other banks that fail.

And what I also know for sure is oh other banks are going to fail. There is no way that those are the only three banks that are going to fail. In fact, we'll talk about that in one second.

For we also know that as of last Friday all this information came out and said that the reason those banks failed was because of management error.

...