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Amazon and A Simply Disastrous Day for New York City
I have lived in New York for about 22 years and that is long enough to have seen some awful days here. The magnitude and human impact of Amazon’s reversal and departure from Long Island City cannot be compared to some things in... Read →
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The United Kingdom is a Month From a Hard Brexit and It Could be Devastating for the Global Economy
I have been amazed at the US stock market’s ability to move up so dramatically in January and into the first part of February. The US media – even the financial media – has grown tired of reporting on Brexit. Aside... Read →
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BB&T And SunTrust to Merge, But Why?
BB&T and SunTrust Bank announced their merger this morning. The banks are the 12th and 13th largest US banks based on assets and the combined entity will become the sixth largest US bank. (A complete list of the largest banks based... Read →
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I Am Just Not Too Excited About a 1-Year CD at 2.85% APY
There are several well-known online banks that are offering 1-Year CDs at 2.85%. In fact, some banks may even be a little higher. You can see the list of the best online 1-year CD rates here. You may also find better one-year CD rates... Read →
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Stop Waiting for the Big Money Center Banks to Raise their Rates
It has been many years since I co-founded BestCashCow, and I have heard just about every excuse possible for keeping your cash in low interest earning savings and money market accounts, checking accounts and CDs. However, there is a new... Read →
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Davos - Hypocrisy at its Worst
The world’s leaders are meeting again at the Davos World Economic Forum. The media is also there, hungrily running after attendees to get their comments on everything from economic projections, environmental challenges, and political... Read →
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Wake Up Nancy (Be The Adult In Room)
By refusing to give Donald Trump his wall, you are missing a huge win and a major opportunity. No one really gives a damn about the wall. It’s obviously a political chit and a vanity project. But, it is also a huge obstacle to... Read →
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Jack Bogle, Index Investing and BestCashCow
Jack Bogle pioneered the investing world and the mutual fund industry. He taught the world that they should not be paying fees for performance, and that seeking to be average will outperform over the medium-term and the long-term. He... Read →
Hubris - Obama's Note for History
President Obama wrote a stirring note to the new President moments before he surrendered the presidency to Donald Trump. He left it in the top drawer of the desk in the Oval Office. Ostensibly, it was a private note from him, not one to... Read →
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Nothing Could Be More Dangerous Than to Buy a Bond Fund Right Now
Occasionally, financial planners reach out to me and want to connect on LinkedIn and social media. While I do not hold financial planners in very high esteem since, they are always selling their latest product. I occasionally connect in... Read →
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Alexandria Ocasio-Cortez – Everything for Everyone - While Rome Burns
29 years old, street smart, and wonderfully idealistic, Alexandria Ocasio-Cortez is enjoying a spectacular ascent in the political world. She is bright, engaging, and strong. At 29 years of age, she is, in fact, the youngest... Read →
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How Obvious Is It That Someone Knew Celgene Was Going to Be Acquired?
Yesterday, as the stock market was opening the year 2019 on a down note, Celgene was making a move from 63 to 67. The options premiums on all long-dated options were spiking higher. And, there was no news on Revlimid or any other... Read →
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Wall Street Analysts Are Writing Their Own Fake Narrative About Inflation
I cannot do it anymore. I just cannot watch CNBC or Bloomberg. It isn’t because the market is falling (it is). And, it isn’t because I cannot bear to hear the usual batch of cheerleaders (so-called “analysts”)... Read →
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Wall Street Journal Article Suggests that Banks Cannot Sustain Travel Reward Credit Card Sign-Up Bonuses
The Wall Street Journal started the year off with an interesting article that seems to say that the credit card flipping game is about to end. It suggested that Chase – which controls many of the most valuable sign-up bonuses - can... Read →CNBC sent Bill Griffeth for a facelift over the weekend, then put him on Power Lunch with Michelle Caruso-Cabrera, Melissa Francis and Dennis Kneale. Why?
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