With fears rising regarding a hard landing for the economy, investors may want to consider safe stocks to buy. Specifically, during the week ending March 22, Yahoo Finance reported that depositors drained $126 billion from U.S. banks. Unlike prior such transactions, this time around, the outflow originated from the nation’s largest institutions.
Put another way, regular folks are reading between the lines. Additionally, with banking jitters going abroad and surprise production cuts spiking the price of crude oil, the Federal Reserve’s problems overflow the table. There’s only so much that one entity can do, contributing to the pessimism. About the only solution now may be to consider these safe stocks to buy.
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