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Bonuses at Wall Street firms have increased 17% during 2009, with an average bonus of over $123,000 per worker. This is despite the industry starting into the abyss in 2008 and recovering from taxpayer funded bailouts.
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Applying for a Home Equity Loan? Do This First
Here are the four steps to take before applying for a home equity loan.
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Does An Inverted Yield Curve Signal Recession – This Time Could Be Different
When I was in business school, I was taught that an inverted yield curve is an extraordinary precursor of a recession. Indeed, the empirical evidence is there. Of the five recessions since 1980, all have been preceded, by 6 to 18 months, by... 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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October 2018 Update – Five Online Savings Accounts to Consider as Rates Rise
Following the Federal Reserve’s hike in the Fed Funds rate in September, we have seen interest rates of all durations move up in the first week in October. Savings rates too have risen, causing the best rates in BestCashCow’s... Read →
BestCashCow's Best Bets in Online Savings and Money Market Accounts for 2019
The Federal Reserve moved in September 2018 to a 2 – 2.25% Fed Funds rate, and savings and money market rates are now firmly above 2%. Interest rates are poised to go up again in December 2018. Unless Trump fires Jay Powell, the... Read →
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A Lesson for your Kids about Math and Money
It’s very hard to figure out when and how to discuss money with your children. It’s almost as difficult, surprisingly, as talking with them about sex. But there is an easy way, one that also gives them at the same time an... Read →
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Ray Dalio’s Advice is Not For You
Ray Dalio is a Greenwich-based hedge fund manager. I don’t know Ray, but by all accounts he is a very successful operator with excellent performance and a smart guy. Dalio has recently been playing his hand at making far out... Read →
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Are Some Online Banks So Deceptive that They Should Not Be Listed on BestCashCow?
First, the good news. In its nearly 15 years, BestCashCow has very seldom had to deal with this issue. As the reviews across the site indicate, most people have outstanding experiences with the major online banks. For the most part, across... Read →
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Federal Reserve Leaves Fed Funds Rate to Zero to 0.25%, Says Course of the Economy Depends on the Virus
The Federal Reserve unanimously voted to leave interest rates unchanged when it concluded its two-day meeting today. The Fed funds rate remains at a target of zero to 0.25 percent. The Fed again signaled that it is prepared to keep... Read →
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An Entirely New Risk to Applying for Online Savings Accounts
BestCashCow.com has been monitoring the best savings rates nationwide for over 15 years, and for the first 14 plus, the situation for the consumer was very straightforward. You’d check to see what the best savings rate on... 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 clear that the... Read →
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Mid-2022 is Just Not the Time to Buy Certificates of Deposit
My inbox is full of two types of emails from readers of BestCashCow and RatesAndInfo.com, a BestCashCow subsidiary. The first is from those who are excited to have found a great CD rate, and the second is from those who are inquiring... Read →
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Federal Reserve Moves Fed Funds Rate up By 50 Basis Points to a Fed Funds Target of 0.75% to 1.00%
The Federal Reserve has finally begun to act according to its mandate to maintain price stability, but inflation is already running rampant. Today’s move is just the beginning of moves that will be necessary. The Fed’s statement... Read →
