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Another Day in 2018
I am one of those people who reads the printed version of the New York Times each and every morning. It’s becoming harder and harder to do so these days, so dreary is much of the news. But, today was especially depressing. Above... Read →
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Turns Out That New York’s Stupidest and Most Corrupt Politician Is a Republican
New York State’s politicians are predominantly Democrat and predominantly inept. If you can stomach watching the local news, they are also predominantly corrupt. NY1 ran a story this morning showing that virtually every county in... Read →
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America is Floundering – Girls and Women Need to Lead
There are a lot of things going wrong in America today, and one of them has nothing to do with politics. Today, there are only 24 women CEOs in the Fortune 500 companies. That’s only 4.8% of all Fortune 500 CEOs. And that number... Read →
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Jamie Dimon Suggests that the 10-Year Treasury Could be at 5%
I think Jamie Dimon is the smartest guy on Wall Street. He wasn’t only the brains behind Smith Barney when Sandy Wiell made his run, he also turned around Bank One and has engineered an extraordinary turn at Chase. Plus, he went to... Read →
A Good Problem – Insuring Over $250,000 in a Single Bank Account
It’s nice to have over $250,000 in savings, but it is a pain in the neck to have to split the money up in more than one bank in order to ensure that it is all covered by FDIC insurance. Given the instability in America right now,... Read →
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American Airlines and Marriott Are Each Now Playing the Loyalty Credit Card Game with 2 Partners – Outcomes Appear Different
American Airlines acquired US Air in 2015 and Marriott acquired Starwood in 2016, making each the largest US Airline and largest US hotel chain respectively. It took years for them to fully integrate the loyalty program of their... Read →
August 2018 Outlook: Savings Rates Increasing and Poised to Move Higher – 5 Accounts to Consider
We’ve entered the long hot days of summer with all sorts of political and economic turbulence on the horizon. Savings rates have firmed and would seem to be poised to move still higher, with the Fed likely to raise the Fed funds... Read →
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The Wisdom of Old or Not-So-Old Age
While Bankrate no longer provides the most accurate and comprehensive information on bank rates (that distinction now belongs to BestCashCow or RatesAndInfo.com), they do sometimes produce interesting surveys. Their latest survey... Read →
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Three Months to Go and The Democrats are Failing
The 2018 November election is not for president, but will be one of the most consequential moments in American history. It is, sadly, only three months away. For the first two years of the rogue presidency of Donald Trump, the country... Read →
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Premium in 1-Year CD Rates Over Savings Rates At Highest Point in a Decade
Based on BestCashCow’s computations, the spread between the average online savings rate and the average 1-year CD rate is now approaching 60 basis points. This means that in return for locking up your money in a one-year CD, you can... Read →
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Silence of the Lambs
These are very difficult times, some say perilous. The President is on a course that only he understands. His closest advisors seem almost always out of the loop. Those not so close know absolutely nothing. If the President has any... Read →
Frenetic Construction on New York’s Billionaires Row Is a Disaster Waiting to Happen
From my office, I am perched in a position where I can see all of the construction in midtown Manhattan. I saw the crane blow over on top of the Park Hyatt in September 2012 two days before we were struck by Superstorm Sandy. I think... Read →
Avoid the 3.10% 3-Year CD that TD Ameritrade is Hawking
TD Ameritrade sent out an email today to their clients trying to sell a callable CD with an October 2021 maturity that is yielding 3.10% APY. The term of the CD is actually three years and three months. Some BestCashCow users contacted... Read →
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Judge Brett Kavanaugh’s Very Questionable Financial Judgment
Within the last 24 hours, there has been a lot of analysis of required financial disclosures around Judge Kavanaugh’s appointment to the Supreme Court. It is clear that Judge Kavanaugh, together with his wife, has a positive net... Read →
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