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Fed Ends January Meeting Planning to Raise Rates, but Not Until March Image Copyright: BestCashCow

Fed Ends January Meeting Planning to Raise Rates, but Not Until March

The Federal Reserve is going to be raising rates in 2022.  This action is desperately needed to fight inflation.  But, it isn’t ready to act now.

It has been clear that Federal Reserve Chairman Jay Powell has be... Read →

2022 Is Signaling Wealth Preservation Mode Image Copyright: BestCashCow

2022 Is Signaling Wealth Preservation Mode

I am old enough to remember October 1987.   I was a college freshman then and I remember my floormates calling their parents to inquire whether they would be able to stay enrolled in college.

I also have vivid memorie... Read →

Capital One Venture X is Probably Not a Replacement for Amex Platinum or Chase Sapphire Reserve Image Copyright: BestCashCow

Capital One Venture X is Probably Not a Replacement for Amex Platinum or Chase Sapphire Reserve

Capital One announced the Venture X card last month to great fanfare.   They paid the credit card bloggers handsomely to promote it with many of them obliging all too easily and changing the background of their sites to Capital... Read →

Two Credit Cards Stand Apart With Outstanding Reward Rates Across All Personal Spend Image Copyright: BestCashCow

Two Credit Cards Stand Apart With Outstanding Reward Rates Across All Personal Spend

Over the last several years, all major credit card companies have gotten into the business of promoting spend in certain categories by issuing cards that provide extra points (or cash back) in certain spend categories.   It sta... Read →

The Biden Administration Needs to Stop Appeasement of the Nuclear Lobby Image Indian Point, Copyright Wikopedia

The Biden Administration Needs to Stop Appeasement of the Nuclear Lobby

I follow developments in renewable energy and work in the space.   2021 has been a remarkable year for the decline in the cost of offshore wind.   We are seeing something similar in the solar/PV space.   It ... Read →

Here is How Banks Can Act Now On Climate Change Image Copyright: BestCashCow

Here is How Banks Can Act Now On Climate Change

At COP26 in Glasgow, unlike before, the financial world showed up and a group of 450 financial institutions pledged to invest $130 trillion in the transition to a low carbon world.

But, there is so much to be done and it is now... Read →

Federal Reserve Announces Slow Tapering, Fails to Provide Guidance on Raising Rates, Causes Loss of Purchasing Power for Savers Image Copyright: BestCashCow

Federal Reserve Announces Slow Tapering, Fails to Provide Guidance on Raising Rates, Causes Loss of Purchasing Power for Savers

The Federal Reserve has tapered its bond buying, beginning to contract its $120 billion monthly bond buying purchases that propped up the economy after COVID-19 struck in March 2020.  The bond buying will be decreasing by about $15 ... Read →

Examining the Banks’ Climate Policies Critically Image Copyright: BestCashCow

Examining the Banks’ Climate Policies Critically

It is pretty clear at this stage that those of us alive today and our children, grandchildren and their descendants are facing a climate crisis unlike anything the inhabitants of Earth have ever faced.   It is also very clear t... Read →

Bask Bank Launches New Online Savings Account Paying 0.60% APY, but There is a Catch Image Copyright: BestCashCow

Bask Bank Launches New Online Savings Account Paying 0.60% APY, but There is a Catch

Bask Bank, a division of Texas Capital Bank, has launched a new online savings account.   The account, called an Interest Savings Account, is paying 0.60% APY.   The rate is clearly among the be... Read →

What I Still Remember 20 Years After September 11, 2001 Image Copyright: BestCashCow

What I Still Remember 20 Years After September 11, 2001

I was not in New York on 9-11.   I was living in London at the time and I was in my office.   I remember a woman coming down the hall and saying: “Aren’t you from New York?” and then telling me that ... Read →

Interactive Brokers is Pathetic, but Americans Have No Choice Image Copyright: BestCashCow

Interactive Brokers is Pathetic, but Americans Have No Choice

Interactive Brokers provides an awful level of service.   Their service is constantly failing – it goes down all the time these days locking traders out of access to their positions and costing them serious losses. &... Read →

Why It Might Not be Such A Bad Idea to Earn 0.40% On Your Money Right Now

As I write, in July 2021, we are living in a strange time.   We are facing extraordinary risks to our democracy in the US, risks to our health as COVID-19 variants appear, and risks to our environment as it becomes increasingly... Read →

Five Realities About Earning Hotel and Airline Points in the Post Pandemic World Image Copyright: BestCashCow

Five Realities About Earning Hotel and Airline Points in the Post Pandemic World

BestCashCow launched its section on travel rewards and cash back cards a few years ago.   We have always aimed to provide insightful information for credit card users about how to maximize the rewards you receive on your credit... Read →

Fed Leaves Fed Funds Target Rate at 0 to 0.25%, but Pencils In Two Hikes for 2023 Image Copyright: BestCashCow

Fed Leaves Fed Funds Target Rate at 0 to 0.25%, but Pencils In Two Hikes for 2023

The Federal Reserve today continued with its current rate stance and its current bond buying program, but is now indicating that it will back away from these easy-money policies in 2023 as inflation surges and growth accelerates.

... Read →