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Putin Fires Tillerson
News is just out that Rex Tillerson has been replaced by Mike Pompeo as Secretary of State. Of course, we had predicted Tillerson’s ouster for some time, and had indicated late in 2017 that Tillerson was waiting for his deferment... Read →EverBank’s 3-Year Petrol Currency Marketsafe CD: A Different View on A Dirty Pool
We’ve written before, multiple times, about EverBank’s currency CD program. We addressed these products most recently here, having first addressed them here. The EverBank 3-Year Petrol Currency Marketsafe CD - like the... Read →When Not to Draw on Your Home Equity Line of Credit
For many years, we have written about appropriate and inappropriate reasons to have a home equity line of credit. In particular, home equity lines of credit can be used to consolidate more expensive debt (credit card, education loans,... Read →Setting the Record Straight on Gary Cohn
Gary Cohn resigned on Wednesday as the Director of the National Economic Council and Chief Economic Advisor to Donald Trump. The media has been very generous to Cohn, writing about how principled he was to resign on the basis of a... Read →Banks and Credit Unions Should be Very Afraid if Checking Accounts Are on Amazon's Agenda
Checking accounts are already a loss leader for banks and credit unions. They aren’t a high margin product, but are offered to create a nexus to customers who may then interact with the institution in other higher margin deposit and... Read →This Qualcomm Debacle Would Look Awful If It Happened In the Third World
Many who follow financial news have been aware that Qualcomm has been battling against a hostile takeover by Broadcom since last fall. Qualcomm is the wireless technology company whose stock seemed to multiply weekly in 1999, but has been... Read →With Jared Kushner in the White House, Americans Have No Need to Invest in Emerging Markets
Generally, emerging market investing gives American investors (or Western European investors) the opportunity to achieve higher returns on their investment in return for the increased risk associated with a system involving a certain... Read →5 Savings and CD Accounts to Take a Look at In March 2018
Savings and CD rates continued their climb towards the end of February. We expect rates to continue to go up into Jay Powell’s first meeting as Fed Chairman. Powell’s testimony in front of Congress this week has made very... Read →Georgia Just Shot Itself
Georgia's attack on Delta Airlines for shedding its NRA ties following the Parkland massacre will cause Amazon to look elsewhere for HQ2.
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