Savvy News-Numbers Don’t Lie

The financial world is confusing. The Savvy News blog discusses relevant business topics and outlines our dynamic economic philosophy.

Brittle Banks and their Basic Blunders

December 17th, 2016

Brittle Banks

By the 2015 numbers Chase, Wells Fargo, and Citi Bank had a total of $513.5 billion cash to cover $3.4 trillion of deposits. This cash amount includes deposits with other banks, but not “cash equivalents.” The 15% of cash on hand is slightly higher than expected but still paints an interesting picture…CONTINUE READING

Love Thy Neighbor Capitalism™

December 17th, 2016

Can we put “Trickle Down” to Bed?

Love Thy Neighbor Capitalism. Friedman Had it Wrong

Our philosophy, called Love Thy Neighbor Capitalism(tm): “It is in an individual and firm’s best interest to share economically with other members of society.”

In a free market system the owners’ money comes directly from employees of theirs and other firms.

The most important responsibility of a business is to… READ MORE…

Young People as Profit: The Student Debt Crisis

November 15th, 2016

Ever wonder how much your student loan executives make?

Executive Compensation: The Student Debt Crisis

Are you one of the millions of Americans wondering why you pay so much money towards your student loan without making a chip in your balance? You are not alone. Through our own research and analysis of financial statements of Navient (formerly Sallie Mae) we can help explain the complicated mess that is the American Student Debt Crisis. READ MORE…