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Federal Reserve Announces Slow Tapering, Fails to Provide Guidance on Raising Rates, Causes Loss of Purchasing Power for Savers
The Federal Reserve has tapered its bond buying, beginning to contract its $120 billion monthly bond buying purchases that propped up the economy after COVID-19 struck in March 2020. The bond buying will be decreasing by about $15 billion... Read →
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Examining the Banks’ Climate Policies Critically
It is pretty clear at this stage that those of us alive today and our children, grandchildren and their descendants are facing a climate crisis unlike anything the inhabitants of Earth have ever faced. It is also very clear that this... Read →
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Bask Bank Launches New Online Savings Account Paying 0.60% APY, but There is a Catch
Bask Bank, a division of Texas Capital Bank, has launched a new online savings account. The account, called an Interest Savings Account, is paying 0.60% APY. The rate is clearly among the best online savings rate available at the moment... Read →
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What I Still Remember 20 Years After September 11, 2001
I was not in New York on 9-11. I was living in London at the time and I was in my office. I remember a woman coming down the hall and saying: “Aren’t you from New York?” and then telling me that the World Trade Center... Read →
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Interactive Brokers is Pathetic, but Americans Have No Choice
Interactive Brokers provides an awful level of service. Their service is constantly failing – it goes down all the time these days locking traders out of access to their positions and costing them serious losses. And, users of the... Read →
Why It Might Not be Such A Bad Idea to Earn 0.40% On Your Money Right Now
As I write, in July 2021, we are living in a strange time. We are facing extraordinary risks to our democracy in the US, risks to our health as COVID-19 variants appear, and risks to our environment as it becomes increasingly clear that the... Read →
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Five Realities About Earning Hotel and Airline Points in the Post Pandemic World
BestCashCow launched its section on travel rewards and cash back cards a few years ago. We have always aimed to provide insightful information for credit card users about how to maximize the rewards you receive on your credit card... Read →
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Fed Leaves Fed Funds Target Rate at 0 to 0.25%, but Pencils In Two Hikes for 2023
The Federal Reserve today continued with its current rate stance and its current bond buying program, but is now indicating that it will back away from these easy-money policies in 2023 as inflation surges and growth accelerates. While... Read →
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Major Banks are Just Awash in Cash
The Wall Street Journal has an interesting article today which highlights how banks have become so completely awash in deposits that they are discouraging major companies from continuing to increase their cash deposits. It notes that CFOs... Read →
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Probably the Worst Moment in the History of Mankind to be Locking into Long Term CDs
I was recently contacted by a reader about 5-year CD rates. Given that the best rate available at any online bank, local bank or credit union remains not much better than 1%, I have long and strongly admonished that it would not be a... Read →
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The West Is Becoming Complicit in Navalny’s Death
All indications are that Alexei Navalny is sitting in his prison cell in Siberia fighting for his life. While US National Security Advisor Jake Sullivan finally warned Putin that the US will take action against the Kremlin if its top... Read →
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An Entirely New Risk to Applying for Online Savings Accounts
BestCashCow.com has been monitoring the best savings rates nationwide for over 15 years, and for the first 14 plus, the situation for the consumer was very straightforward. You’d check to see what the best savings rate on... Read →
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Federal Reserve Ends March Meeting Without Any Plans to Raise Interest Rates in 2021
The Federal Reserve concluded its 2-day March meeting today with no change in the Fed funds. The median forecast is for no change in interest rates through 2023 with 4 Fed officials seeing rate hikes in 2022 (up from 1 previously), and 7... Read →
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The Federal Gas Tax Was A Huge Climate Change Initiative Missed By the Obama Administration: Biden Can Fix It Now
The Democrats last controlled the Senate, the House of Representatives and the Presidency in the 111th Congress from January 2009 to January 2011. For most of that time, crude oil prices ranged from $100 to $120 a barrel. Oil prices... Read →
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