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Image Courtesy: NYS Division of Criminal Justice
Jeffrey Epstein Did Not Die By Suicide; He was Murdered
In this day and age, it is hard to take everything that you see and hear at face value. That’s true of the news this morning that Jeffrey Epstein died by suicide. Epstein was being held in a Federal prison in New York where... Read →
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August 2019 Savings and CD Update – Drawing a Line in the Sand
It is August and that means that you should be at the beach. While you are there, we suggest you draw a line in the sand. Last week, the Federal Reserve moved to lower the Fed Funds rate to a range of 2.00% to 2.25%. In... Read →
The Hyatt Regency Tokyo Offers Outstanding Redemption Value at 12,000 Points per Night
I recently stayed for three nights at the Hyatt Regency in Tokyo. The hotel was clearly Hyatt’s flagship property in Japan when built in 1980. And, while it has seen finer days and the rooms have not been recently renovated, it is... Read →
Considering Delta One to Japan? Think Again
I recently flew Delta One from Minneapolis to Tokyo. While I used to fly Delta all the time to Europe when it dominated routes from Atlanta and New York to Germany, Spain and Moscow, it has not been my airline of choice for many years. ... Read →
Fitness Bank is Offering 3% to Depositors Who Can Record 12,500 Steps a Day
Fitness Bank is a new subsidiary of Georgia-based Affinity Bank and has unveiled a savings offer that will be interesting to some. The bank aims to encourage a healthier lifestyle and therefore will reward savings customers based on... Read →
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What is Jerome Powell Really Afraid Of?
Jerome Powell has been testifying in front of Congress for the last two days. You have no doubt heard snippets of his testimony on the evening news or in the financial media. Of note, if Trump calls him to fire him, he will say... Read →
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July 2019 Savings and CD Update – Interest Rates Are Falling; How To Continue to Earn A Decent Return on Cash
We have experienced a dramatic fall in interest rates in the US and following the Fed’s most recent meeting in June, CD rates greater than 1-year have come in dramatically. Most recently one-year CD rates and even some online... Read →
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The Fed Funds Rate is Unchanged at 2.25 to 2.50%; Savings And CD Rates Likely to Firm
The Federal Reserve concluded its 2-day June meeting leaving the Fed Funds rate unchanged. As it tries to remain independent of an unrestrained Executive branch that is compaigning for sharp cuts, it removed the word... Read →
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Merit Not Racism
In a recent front page New York Times article, the authors decried the loss of black and Hispanic students at New York’s three most selective public high schools (Stuyvesant, Bronx High, and Brooklyn Technical). There have been... Read →
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June 2019 Savings And CD Update – How Can You Protect Your Interest Rate on Cash?
We pointed out in our May and April updates, that the Fed may be on hold for a while. We also suggested that May could be a good time to sell and go away. As we enter June, it looks more and more likely that the economy is heading for... Read →
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Have Home Equity and Mortgage Rates Bottomed?
Long-term interest rates present a real conundrum here. 10-year rates have fallen from 3.05% to as low as 2.35% over the last six months. Fears of a global recession and Brexit uncertainty have caused money to pour into the US and to drive... Read →
Image Copyright: BestCashCow
Absolutely Impossible to Predict the Direction of Short-Term Interest Rates Now
The two most common questions that we get at BestCashCow are “which direction are interest rates going?” and “how do I position myself now if the Fed raises or lowers?” The answer to the first question drives the... Read →
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Uber and Lyft Are At Least 7x to 10x Overvalued
I am watching Bloomberg and CNBC this morning as Uber prepares to come public. The discussion among analysts is on whether Uber and Lyft should be trading at 4 times sales or 6 times sales. Lyft is a pure play US taxi service. Uber is... Read →
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May 2019 Update – The Fed May Be On Hold for a While
The Federal Reserve concluded its 2 days meeting yesterday and acted unanimously to hold the Fed Funds target rate to 2.25% to 2.50%. Guidance continues to be for no more rate changes in 2019, as the Fed previously indicated in its March... Read →