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 →
Image This car isn't a car without a manual transmission
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 →
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 →
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 →
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 →
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 →
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 →
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 →
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 →
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 →
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 →
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 →
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 →
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 →
These are very difficult times, some say perilous.
The President is on a course that only he understands. His closest advisors seem almost always out of the loop. Those not so close know absolutely nothing.
If the President has any... Read →