Articles
All Articles
Image NYCGO
Does the Stock Market Need to be Massively Overbought Before It Crashes?
I cannot turn on CNBC or Bloomberg without hearing some money management type explain that there is no risk of a stock market crash because it is not wildly overbought like it was in 1929, 1987, 2000 or 2008. It seems that everyone is... Read →
Image Courtesy: Politico
The US Economy Is Outperforming the Rest of the World, but Europe Will Be the Renewables Technology Leader in 20 Years
Technology is what has made the US great. It is what has made us more affluent as a society than any society in the history of mankind. And, over the last 20 years, the most extraordinarily innovative and influential companies like... Read →
September 2018 Outlook: With the Fed Poised to Raise Twice Before the End of the Year, Here are the 5 Best Savings and CD Products Now
As we move into the fall with all sorts of political turbulence with potential economic ramifications, the Federal Reserve remains poised to raise the Fed funds rate by 50 basis points to 2.25% to 2.50% before December. As we pointed... Read →
Image Politico
NY Times Op-Ed Author is A Woman, Maybe Kellyanne Conway
It won’t be long before the heroic author of the anonymous Op Ed in yesterday’s NYT is known. She knew she would be identified, even though she tried to hold her cover for a while – for example, by the diversion tactic of... Read →
Image Courtesy: BobWoodward.com
Woodward Book is the Latest Media Talking Point, but Won’t Change Anything
The media is going crazy trying to make hay of the revelations in Bob Woodward’s latest book. Much of what he says in his book have been said already. Somehow, the fact that these same things have been written by the journalist who... Read →
Image One World Trade Center
Think Carefully Before You Buy a Five-Year CD (For Goodness Sakes)
Over the last two days, I have been contacted by a number of people who have asked me about 5-year CDs. I am not sure why this is all happening at once. I did learn today that TD Ameritrade is apparently pushing a 5-year brokered... Read →
Image Courtesy: CNN
Robert Mueller Blew It
Robert S. Mueller has been in government too long. He has lost his edge. He’s obviously a bright and worthy man. But, Mueller is obviously, also, far too married to process and procedure, and far too short on strategy. And, by... Read →
Image Courtesy: Politico
Giuliani is Way, Way Over the Line
As a New Yorker who experienced 9-11 and a Republican prior to the party’s seizure by the current president’s people, I have found it very difficult to be publicly critical of Rudy Giuliani, no matter what absurd statement he... Read →
Image Courtesy: Columbia Grammar and Preparatory School
Columbia Grammar and Preparatory School in New York – A Very Sad Day
Columbia Grammar and Preparator School (CGPS) in New York is one of the elite private schools in New York City with a distinguished history going back to 1764. Today, it boasts a student body of roughly 1300 in K-12 with a student/teacher... Read →
10 Pros and Cons of Using A Mortgage Broker
It is common to be excited when starting the home buying process, especially for first-time homeowners. However, that excitement can quickly be taken over by confusion and overwhelm when it comes to sifting through options for the home... Read →
JP Morgan Chase Makes Private Client More Attractive By Turning on Online Brokerages
At BestCashCow, we’ve been big fans of Jamie Dimon and what he has done with Chase over the last decade in the post-crisis financial world. On the consumer side, Chase has tremendously outperformed its peers (Citibank, Bank of... Read →
GE May be in A Death Spiral; Your Deposits in Formerly GE-Owned Online Banks Are Safe
General Electric now appears to be in the middle stages of a death spiral. While the stock still has an equity value over $100 billion, the entire company is in the middle of a precipitous decline which seems to move to more serious... Read →
Image This car isn't a car without a manual transmission
Audi Discontinues All Manual Transmission Cars in the US, And Loses a Lifelong Customer
I drive an Audi. I like Audis. By and large, they are the most “fun to drive” of the mainstream car brands on the market. And, I became committed after being in an accident in one in Hamburg in 1999. But, my continued... Read →
Image Courtesy: National Review
Silicon Valley Goes Ga-Ga Over Saudi, and the US Forgets Its Very Recent Past
The Financial Times ran an interesting article today about the growing addiction of Silicon Valley to Saudi money. Saudi’s sovereign wealth fund and its private investment fund (PIF) are so flush with cash that everyone in the... Read →
