How bank collapses affect inflation

Chuck Zodda and Mike Armstrong discuss how the collapse of two banks is affecting inflation. How people are reacting to the news of the bank collapses. Individual investors pile into cash, chasing higher returns. Retail assets in money-market funds sit near records. Saudi Aramco posts record $161 billion profit for 2022. Falling survey-response rates are undermining economic data. This decline skews government measures of inflation and job market.