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Forbright Bank’s Funding of Renew Projects Is A Template for the Type of Deals that We Need to See In the Renewable Space Image Copyright: BestCashCow

Forbright Bank’s Funding of Renew Projects Is A Template for the Type of Deals that We Need to See In the Renewable Space

The climate crisis is continuing, even while other global crises and risks capture all of the media's attention. It is just as incumbent today as it was two months ago that banks fund wind and solar projects in order to expedite the... Read →
Federal Reserve Holds Fed Funds at a 5.25% to 5.50% Target; Still May Not Be Done Image Copyright: BestCashCow

Federal Reserve Holds Fed Funds at a 5.25% to 5.50% Target; Still May Not Be Done

The Federal Reserve Open Markets Committee has concluded its October 31 - November 1 meeting, and it voted unanimously to hold interest rate unchanged at 5.25% to 5.50%. The Fed's statement indicates that, while this is its second... Read →

Jerome Powell's Speech at Economic Club of New York Indicated Fed May Not Be Done

Jerome Powell gave an interesting speech in front of the Economic Club of New York earlier today. I think that there are at least three main takeaways from this speech that depositors need to consider. First, the Fed may not be done... Read →
A Variable Rate or Indexed Rate CD is an Absurd Product for Depositors Image Copyright: BestCashCow

A Variable Rate or Indexed Rate CD is an Absurd Product for Depositors

We've been fielding a lot of questions from readers about "variable CDs", "flexible rate CDs" or "indexed CDs". It seems that several banks and credit unions have been heavily promoting these products, and... Read →
A Lot of Innocent People Will be Impacted, but Israel’s Territorial Sovereignty Must Be Secured Image Courtesy: Pixabay

A Lot of Innocent People Will be Impacted, but Israel’s Territorial Sovereignty Must Be Secured

It is impossible to watch the news today and not feel sorry for the scores of innocent people in Gaza who are unable to escape the territory due to the fact that they are being held hostage by Hamas and Egypt. Hamas has burrowed itself to... Read →
Fed Concludes September 2023 Meeting By Holding Target Fed Funds Rate at 5.25 to 5.50%, As Expected Image Copyright: BestCashCow

Fed Concludes September 2023 Meeting By Holding Target Fed Funds Rate at 5.25 to 5.50%, As Expected

The Federal Reserve concluded its September 2023 meeting today, holding the Fed Funds rate at its current 5.25% to 5.50% target. The target rate remains at a 22 year high. Fed Chair Jerome Powell did not declare victory in the war on... Read →
Al Gore Is Speaking Out Against A Global "Block And Delay" on Climate Action Image White House Reception for 2007 Nobel awards recipients (Wikipedia)

Al Gore Is Speaking Out Against A Global "Block And Delay" on Climate Action

I am fairly sure that we would not be in quite the dire climate catastrophe that we are in now if Al Gore had won the 2000 US Presidential election (and as a corollary, I blame Ralph Nader's maniacal third party candidacy for the... Read →
Ray Dalio Says to Abandon Bonds for Cash Image Photo by Harry Murphy/Web Summit via Sportsfile (Wikipedia)

Ray Dalio Says to Abandon Bonds for Cash

Bloomberg is reporting today on statements made by Ray Dalio, the owner Bridgewater, of the world's largest hedge fund, in Singapore yesterday. Dalio is reported to have said, "Temporarily, right now cash is good." And,... Read →
Inflation Be Damned, Lower Interest Rates May Be on the Way in 2024 Image Copyright: BestCashCow

Inflation Be Damned, Lower Interest Rates May Be on the Way in 2024

The Fed has moved vigorously to try to reign in inflation in 2022 and 2023. After 15 years of low interest rates that have fueled dramatic US economic growth, Chairman Powell and the Fed have acted aggressively to move the Fed funds target... Read →
3 Novel Approaches to Earning Over 5% on Your Deposit Accounts Image Copyright: BestCashCow

3 Novel Approaches to Earning Over 5% on Your Deposit Accounts

It isn’t hard to earn 5% on savings today. There are tons of online banks with savings and money market offers at or over that level. You can also find local banks and credit unions that are equally competitive. Compare online... Read →
Federal Reserve Raises Fed Funds Rate to A 5.25% to 5.50% Target Image Copyright: BestCashCow

Federal Reserve Raises Fed Funds Rate to A 5.25% to 5.50% Target

The Federal Reserve has raised the Fed Funds target rate to 5.25% to 5.50% after a much anticipated quarter point raise. This is the highest Fed target rate in 22 years. The Federal Reserve had paused following its June meeting, but... Read →
Bill Dudley, Former Head of the NY Fed, Makes A Compelling Case for Not Raising FDIC Insurance, Proposes Alternative Image Copyright: BestCashCow

Bill Dudley, Former Head of the NY Fed, Makes A Compelling Case for Not Raising FDIC Insurance, Proposes Alternative

In this Bloomberg piece, published today, Bill Dudley makes a compelling case against raising the FDIC insurance limit from the current $250,000 per account (learn more about FDIC coverage here). First, Dudley recognizes the importance... Read →
With Climate at a Tipping Point, Bank of America’s Brian Moynihan and Chase’s Jamie Dimon Need To Take Bold Action Image Copyright: BestCashCow

With Climate at a Tipping Point, Bank of America’s Brian Moynihan and Chase’s Jamie Dimon Need To Take Bold Action

A couple of months ago, I spent the day at a climate change conference at Columbia Business School, my alma mater. Columbia has more than a couple dozen professors, backed by scores of data scientists and McKinsey-type advisors using the... Read →
Andaz Peninsula Papagayo and JW Marriott Guanacaste Are Both Fantastic Hotel Redemption Values Image Copyright: BestCashCow

Andaz Peninsula Papagayo and JW Marriott Guanacaste Are Both Fantastic Hotel Redemption Values

I had the pleasure of staying at both the Andaz and the JW Marriott resorts in Guanacaste during my visit last week to Costa Rica. For those seeking a great resort to get away from it all using hotel points, these are both great... Read →
Federal Reserve Ends June 2023 Meeting With a Pause At 5 to 5.25%; Likely to Continue Raising Image Copyright: BestCashCow

Federal Reserve Ends June 2023 Meeting With a Pause At 5 to 5.25%; Likely to Continue Raising

Today's FOMC statement says that the Fed is holding its target Fed Funds rate at 5% to 5.25%. The decision was unanimous among voting members. While today's action marks the first Federal Reserve meeting in this cycle to end... Read →