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A Difficult Couple of Days in NYC, But Still No Urgency to Invest in Wind and Solar
It has been a difficult few days in New York as the air quality has been the worst in the world for most of the last 48 hours due to the wildfires in Quebec. The City of course has seen tougher days, much tougher. It has also... Read →
Image Copyright: BestCashCow
Eight Megacap Stocks are Driving the Entire Stock Market Higher this Year
What does it mean when the entire US stock market is being driven only by Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, Netflix and Tesla?
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Image Copyright: BestCashCow
How to Handle Higher Mortgage Rates
The last year has seen much higher short-term interest rates as the Federal Reserve acted decisively to address inflation. Mortgage rates - like other lending rates, such as a home equity line of credit or a credit card rate - are not... Read →
Image Copyright: CNBC
David Faber’s Interview With Elon Musk Is Interesting, But Uncomfortable and Sad
David Faber’s interview with Elon Musk was interesting. Musk is obviously a genius, in spite of what all of his detractors say. In the course of the interview, he provided tremendous insight into the operations of Tesla and... Read →
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Louisiana Senator John Neely Kennedy Is Spot-On About Silicon Valley Bank
I don’t agree with Senator Kennedy much. Almost everything that he has said publicly since Trump emerged has been absurdly and blindly naive. His positions on the major social issues of our time indicate he wants to wage war on the... Read →
Image Copyright: BestCashCow
1-Year CDs Offer Superior Returns to 1-Year US Treasuries for Everyone
1-Year Certificate of Deposit offerings remain quite strong. As of the date of this article, there are at least 8 online 1-year CDs being offered at 5.15% or higher. Depending on where you live, you will probably also find 1-year CDs... Read →
Image Copyright: CNN
Jamie Dimon Is Correct – It Is Time to Ban the Short-Selling Of Banks
Jamie Dimon, JP Morgan Chase’s CEO and Tufts alumnus, appearing this morning on Bloomberg from Paris said that the largest regional banks with which he speaks are all in good financial shape. They, however, are exposed to the sudden... Read →
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The Federal Reserve’s 10th Hike in the 2022-2023 Cycle: Fed Funds Target is Now 5.00% to 5.25%
The Federal Reserve has raised its benchmark Fed Funds target to a 5.00% to 5.25% target at its May meeting that concluded today. Today’s move marks the Fed’s 10th hike since the beginning of 2022 at a 0 to 0.25% target, as the... Read →
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Federal Reserve Moves Fed Funds Rate to 4.75% to 5.00% for Its 9th Hike
The Federal Reserve acted today to increase the Fed Funds rate to a target of 4.75% to 5.00%, and said that additional policy firming may be appropriate. Many observers wanted the Fed to suspend raising rates, in light of the collapse... Read →
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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 →
Image Copyright: Coolcaesar (from Wikimedia Commons)
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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