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Image Courtesy: The Wall Street Journal
What is Jerome Powell Really Afraid Of?
Jerome Powell has been testifying in front of Congress for the last two days. You have no doubt heard snippets of his testimony on the evening news or in the financial media. Of note, if Trump calls him to fire him, he will say... Read →
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July 2019 Savings and CD Update – Interest Rates Are Falling; How To Continue to Earn A Decent Return on Cash
We have experienced a dramatic fall in interest rates in the US and following the Fed’s most recent meeting in June, CD rates greater than 1-year have come in dramatically. Most recently one-year CD rates and even some online... Read →
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The Fed Funds Rate is Unchanged at 2.25 to 2.50%; Savings And CD Rates Likely to Firm
The Federal Reserve concluded its 2-day June meeting leaving the Fed Funds rate unchanged. As it tries to remain independent of an unrestrained Executive branch that is compaigning for sharp cuts, it removed the word... Read →
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Merit Not Racism
In a recent front page New York Times article, the authors decried the loss of black and Hispanic students at New York’s three most selective public high schools (Stuyvesant, Bronx High, and Brooklyn Technical). There have been... Read →
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June 2019 Savings And CD Update – How Can You Protect Your Interest Rate on Cash?
We pointed out in our May and April updates, that the Fed may be on hold for a while. We also suggested that May could be a good time to sell and go away. As we enter June, it looks more and more likely that the economy is heading for... Read →
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Have Home Equity and Mortgage Rates Bottomed?
Long-term interest rates present a real conundrum here. 10-year rates have fallen from 3.05% to as low as 2.35% over the last six months. Fears of a global recession and Brexit uncertainty have caused money to pour into the US and to drive... Read →
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Absolutely Impossible to Predict the Direction of Short-Term Interest Rates Now
The two most common questions that we get at BestCashCow are “which direction are interest rates going?” and “how do I position myself now if the Fed raises or lowers?” The answer to the first question drives the... Read →
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Uber and Lyft Are At Least 7x to 10x Overvalued
I am watching Bloomberg and CNBC this morning as Uber prepares to come public. The discussion among analysts is on whether Uber and Lyft should be trading at 4 times sales or 6 times sales. Lyft is a pure play US taxi service. Uber is... Read →
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May 2019 Update – The Fed May Be On Hold for a While
The Federal Reserve concluded its 2 days meeting yesterday and acted unanimously to hold the Fed Funds target rate to 2.25% to 2.50%. Guidance continues to be for no more rate changes in 2019, as the Fed previously indicated in its March... Read →
Avoid The TIAA 4-year Diversified Assets Marketsafe CD
I’ve written about TIAA’s “Marketsafe CD” products, and those issued by Everbank prior to its acquisition by TIAA. I’ve suggested that the offering of these products violates the 1933 Securities Act, and I... Read →
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65 Stupid; 70 Crazy; 75+ Unhinged and Totally Out of Time
In the best of times, the stock market goes up and down, always without advance notice. And those ups and downs can never be predicted precisely. But, when they go down big time, it is often after a period of sustained growth and the... Read →
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Sell In May And Go Away?
We have all heard the old stock market adage: “Sell in May and Go Away.” But, anyone who has followed the market for the last few decades knows that the adage only held true in 1999 and 2008. Even if you had sold in May... Read →
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Avoid Municipal Bonds For Now
Those paying taxes this month in States like New York, New Jersey and California have been hit with quite a wake up call over the last few days. Our tax bills, as a result of the 2018 Republican tax cuts, are much higher, especially... Read →
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Another Benefit of No Penalty CDs Quickly Comes to the Fore
Six months ago, I wrote on BestCashCow about the benefits and disadvantages of No Penalty CDs. At the time, my analysis focused heavily on the opportunity to gain a small amount of yield over savings accounts with no risk and very little... Read →
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