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GE May be in A Death Spiral; Your Deposits in Formerly GE-Owned Online Banks Are Safe
General Electric now appears to be in the middle stages of a death spiral. While the stock still has an equity value over $100 billion, the entire company is in the middle of a precipitous decline which seems to move to more serious... Read →
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Audi Discontinues All Manual Transmission Cars in the US, And Loses a Lifelong Customer
I drive an Audi. I like Audis. By and large, they are the most “fun to drive” of the mainstream car brands on the market. And, I became committed after being in an accident in one in Hamburg in 1999. But, my continued... Read →
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Silicon Valley Goes Ga-Ga Over Saudi, and the US Forgets Its Very Recent Past
The Financial Times ran an interesting article today about the growing addiction of Silicon Valley to Saudi money. Saudi’s sovereign wealth fund and its private investment fund (PIF) are so flush with cash that everyone in the... Read →
Avoid Preferred Stock
A major money center bank recently updated its website in such a way that before customers (and non customers) even log in they are encouraged to “Consider Preferred”. Site users are immediately directed to a linked article... Read →
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Another Day in 2018
I am one of those people who reads the printed version of the New York Times each and every morning. It’s becoming harder and harder to do so these days, so dreary is much of the news. But, today was especially depressing. Above... Read →
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Turns Out That New York’s Stupidest and Most Corrupt Politician Is a Republican
New York State’s politicians are predominantly Democrat and predominantly inept. If you can stomach watching the local news, they are also predominantly corrupt. NY1 ran a story this morning showing that virtually every county in... Read →
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America is Floundering – Girls and Women Need to Lead
There are a lot of things going wrong in America today, and one of them has nothing to do with politics. Today, there are only 24 women CEOs in the Fortune 500 companies. That’s only 4.8% of all Fortune 500 CEOs. And that number... Read →
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Jamie Dimon Suggests that the 10-Year Treasury Could be at 5%
I think Jamie Dimon is the smartest guy on Wall Street. He wasn’t only the brains behind Smith Barney when Sandy Wiell made his run, he also turned around Bank One and has engineered an extraordinary turn at Chase. Plus, he went to... Read →
A Good Problem – Insuring Over $250,000 in a Single Bank Account
It’s nice to have over $250,000 in savings, but it is a pain in the neck to have to split the money up in more than one bank in order to ensure that it is all covered by FDIC insurance. Given the instability in America right now,... Read →
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American Airlines and Marriott Are Each Now Playing the Loyalty Credit Card Game with 2 Partners – Outcomes Appear Different
American Airlines acquired US Air in 2015 and Marriott acquired Starwood in 2016, making each the largest US Airline and largest US hotel chain respectively. It took years for them to fully integrate the loyalty program of their... Read →
August 2018 Outlook: Savings Rates Increasing and Poised to Move Higher – 5 Accounts to Consider
We’ve entered the long hot days of summer with all sorts of political and economic turbulence on the horizon. Savings rates have firmed and would seem to be poised to move still higher, with the Fed likely to raise the Fed funds... Read →
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The Wisdom of Old or Not-So-Old Age
While Bankrate no longer provides the most accurate and comprehensive information on bank rates (that distinction now belongs to BestCashCow or RatesAndInfo.com), they do sometimes produce interesting surveys. Their latest survey... Read →
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Three Months to Go and The Democrats are Failing
The 2018 November election is not for president, but will be one of the most consequential moments in American history. It is, sadly, only three months away. For the first two years of the rogue presidency of Donald Trump, the country... Read →
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Premium in 1-Year CD Rates Over Savings Rates At Highest Point in a Decade
Based on BestCashCow’s computations, the spread between the average online savings rate and the average 1-year CD rate is now approaching 60 basis points. This means that in return for locking up your money in a one-year CD, you can... Read →
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