While equity markets continue to rise like as if the economy has recovered, just as in end of last Friday 106 US banks have failed this year. This is the highest number since 1992. The Federal Deposit Insurance Corp (FDIC) which insures depositors’ money up to US$250,000 when a bank fails is running out of money. A year ago, the FDIC had $45 billion. Now it only has $7.5 billion. With money being depleted so fast, it wouldn’t take long before FDIC need to be bailed out as well. The FDIC is considering to raise cash by asking banks to prepay their insurance premium for the next three years. The US economy is still shaker. Being the largest economy and a major world importer, everybody else economy is closing linked with the US. So don’t get too so excited over the increase in stock return and property return. Ultimately Singapore’s economy is still dependent on the US. Ensure prudent financial planning.