Articles
Selected category: US Govt and Economy
Europe's appalling lack of political will leads to the continued bungling of their debt crisis as Spain's financial system is feared to be at the point of collapse. This may result in US interest rates getting still closer to zero.
Read →Earlier this week on CNBC, David Einhorn, founder and president of hedge fund Greenlight Capital, made the case that the U.S. Federal Reserveâs economic stimulus program was counterproductive and the Fed should raise rates to 2-3 percent. âI think having very low zero rates is depressing to people,â Einhorn said.
Read →The Supreme Court's decision upholding the constitutionality of the health care bill creating the Patient Protection and Affordable Care Act (PPACA) may actually create more uncertainty, leading to caution and lack of spending by companies, causing a sluggish economy and persistently low interest rates through the remainder of the decade.
Read →Is China the next shoe to drop?
Read →What does further quantitative easing in Europe mean for savers and borrowers in the US?
Read →Christina Fernandez de Kirchner's move to nationalize YPF follows a troubling Peronist trend, and assures Argentina's future as a third rate economic power.
Read →Warren Buffett published an interesting article in Fortune today that illuminates his thinking on the attractiveness of different investment classes. While I don't hang on Warren Buffett's every word, I thought some of his analysis pertinent for BestCashCow savers and investors.
Read →The Federal Reserve today released its Federal Open Market Committee statement today and the big takeaway for savers is to expect low rates through 2014. There are steps you can take to maximize your savings and make the best of a bad savings situation.
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Fed Statement Provides a Few Rays of Light to Savers
The Federal Reserve released their FOMC statement today and while slightly more optimistic than prior statements, made it clear rates will remain low for some time. Savers cannot rely on the Fed for more yield.
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How the Greek & European Debt Crisis Impacts Consumer Bank Rates
Over the past two years, the news has occasionally focused on the slow-moving debt debacle that is taking place in Greece and several other members of the European Union. It's easy to dismiss what is happening in Europe as something... Read →
Fed Statement Means Bank Rates to Stay Low Through 2013
Those of you holding your breathe, waiting for savings account rates and CD rates to rise, will have to hold for quite a bit longer. Today, the Fed announced that it was going to hold its benchmark interest rate at a record low (0 - .25%) at least through 2013. The Fed announced this in the midst of a ratings downgrade of U.S. debt, a slowing U.S economy, and persistent sovereign debt issues in Europe.
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Comparison of the Dow Jones Industrial Average During the Depression Versus Today - Part II
Today, as the Dow falls over 300 points and is down over 1,000 points in the past ten days, I thought it would be useful to revisit my Dow Jones Industrial's crash analysis I did in 2008. The analysis compared how the Dow was faring during the global financial crisis versus how it did in the 1930s in the throes of the Great Depression.
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Any Debt Limit Deal Likely to Result in Years of Slow Growth
Let's assume the debt ceiling is eventually raised, as it will be. What does the future look like after? Unfortunately, it doesn't look like a very rosy scenario and if anything looks like another recession. That means lower rates on bank products for years to come, amongst other things: continued unemployment, stagnant stock market, weak dollar. Here are my reasons why:
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What U.S. Debt Limit Default Could Do to Your Finances and the Economy
As the bickering in Washington continues and we get closer to August 2, the date in which the Treasury estimates the government will run out of money to pay all of its obligations, it makes sense to think about what will happen to your finances if the government does indeed default.
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An End to QE2 - Not Really
The Fed has decided against continuing its course of quantitative easing or introducing a new round of monetary stimulus. That however doesn't mean that interest rates are going to be rising any time soon.
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