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Buying Brokered CDs from Banks on the Brink Seems Like a Bad Strategy
Those owning full-service brokerage accounts at institutions like Morgan Stanley have probably received calls this week from their brokers. In addition to calming you down about the crisis around the banks, many of these brokers’... Read →
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Inaccurate Hypotheses Being Circulated About Failures of Silicon Valley Bank and Signature Bank
There has been a lot of inaccurate information circulating in the media about what precipitated the failures at Silicon Valley Bank and Signature Bank, and what happens now. Let’s try and clear up at least six things that have been... Read →
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Full Bailout of Silicon Valley Bank and Signature Bank Depositors Leaves Uncertainty About FDIC Limits
The FDIC’s and Federal Reserve’s decision to cover fully deposits at both Silicon Valley Bank (SVB) Bank and Signature Bank leaves some uncertainty about whether banks’ deposits are fully insured above $250,000 per... Read →
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Silicon Valley Bank Situation is Troubling; Here is What It Means for You and Me
The sudden bank run on Silicon Valley Bank (SVB) that materialized over the course of yesterday is quite troubling. The reality is that banks make bets on interest rates, and when interest rates move suddenly in one direction, as they have... Read →
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What is the CFPB and Why are the Republicans Out to Destroy It?
The Consumer Financial Protection Bureau (CFPB) is a regulatory agency of the United States government that is responsible for consumer protection in the financial sector. The CFPB was established under the Dodd-Frank Wall Street Reform and... Read →
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Is the Risk of A US Treasury Default Rising?
The US Treasury has never defaulted on its debt obligations in its history, and it is ordinarily considered extremely unlikely to do so. The US government has a high credit rating and is considered a safe haven for investors... Read →
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Is the US Economy Being Pesoized by Inflation?
"Pesoization" typically refers to a process in which a country's citizens or investors lose faith in their own currency and begin to use a more stable currency for transactions and savings. The US dollar is the... Read →
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Fed Funds Rate Raised 25 Basis Points to A 4.50% - 4.75% Target, Says It Still Sees Need for “Ongoing Increases”
The Federal Reserve has raised the Fed Funds target rate by 25 basis points to a target of 4.50% to 4.75%. Like the Fed’s six moves in 2022, today’s Fed move was very well telegraphed by Chairman Jay Powell. However, unlike... Read →
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How to Earn More On Your Cash In 2023
While the rate environment is dramatically different now, the most important piece of advice that I can give as we enter 2023 is the same as that which I would have given in 2022, 2021, or 2020. Get your cash out of non-competitive account.... Read →
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Fed Funds Rate Raised 50 Basis Points to A 4.25% - 4.50% Target; 5.10% Is the New Median Target
The Federal Reserve moved to raise the Fed Funds rate by 50 basis points to a target of 4.25% to 4.50%. The move was well telegraphed by the Fed and completely anticipated by the markets. The move follows four consecutive 75 basis point... Read →
Surprising That So Many Americans Do Not Know How Much They Can Earn On Cash And Short-Term Deposits
I speak to lots of folks every day in my work and in my travels. These people are all very sophisticated – they are lawyers, doctors, engineers and other professionals. It has already been four months since the interest rate... Read →
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Fed Makes Much Anticipated 4th Consecutive 75 Basis Point Move, Bringing Fed Funds Rate to 3.75% to 4.00%, Refines Language
The Powell Fed has completed its November meeting with its sixth rate hike of 2022, bringing the Fed Funds rate to almost 4% for the first time in a generation. The Fed still isn’t finished with rate hikes as it moves late to get a... Read →
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Federal Reserve Moves Fed Funds Rate to a 3.00% - 3.25% Target
The Federal Reserve has raised the Fed Funds target rate by 75 basis points to a target rate of 3.00% to 3.25%. This is the highest it has been since 2008. The rate represents the third successive 75 basis point rate increase as the... Read →
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Is Your Online Bank Giving You Their Best Savings Rate As Savings Rates Increase?
More than a decade ago, when GMAC Bank had just rebranded as Ally Bank, they ran a series of commercials designed to build the Ally brand around integrity of treating their customers equally, and not giving preferential treatment to new... Read →
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