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1-Year CDs Offer Superior Returns to 1-Year US Treasuries for Everyone Image Copyright: BestCashCow

1-Year CDs Offer Superior Returns to 1-Year US Treasuries for Everyone

1-Year Certificate of Deposit offerings remain quite strong. As of the date of this article, there are at least 8 online 1-year CDs being offered at 5.15% or higher. Depending on where you live, you will probably also find 1-year CDs... Read →
Jamie Dimon Is Correct – It Is Time to Ban the Short-Selling Of Banks Image Copyright: CNN

Jamie Dimon Is Correct – It Is Time to Ban the Short-Selling Of Banks

Jamie Dimon, JP Morgan Chase’s CEO and Tufts alumnus, appearing this morning on Bloomberg from Paris said that the largest regional banks with which he speaks are all in good financial shape. They, however, are exposed to the sudden... Read →
The Federal Reserve’s 10th Hike in the 2022-2023 Cycle: Fed Funds Target is Now 5.00% to 5.25% Image Copyright: BestCashCow

The Federal Reserve’s 10th Hike in the 2022-2023 Cycle: Fed Funds Target is Now 5.00% to 5.25%

The Federal Reserve has raised its benchmark Fed Funds target to a 5.00% to 5.25% target at its May meeting that concluded today. Today’s move marks the Fed’s 10th hike since the beginning of 2022 at a 0 to 0.25% target, as the... Read →
Federal Reserve Moves Fed Funds Rate to 4.75% to 5.00% for Its 9th Hike Image Copyright: BestCashCow

Federal Reserve Moves Fed Funds Rate to 4.75% to 5.00% for Its 9th Hike

The Federal Reserve acted today to increase the Fed Funds rate to a target of 4.75% to 5.00%, and said that additional policy firming may be appropriate. Many observers wanted the Fed to suspend raising rates, in light of the collapse... Read →
Buying Brokered CDs from Banks on the Brink Seems Like a Bad Strategy Image Copyright: BestCashCow

Buying Brokered CDs from Banks on the Brink Seems Like a Bad Strategy

Those owning full-service brokerage accounts at institutions like Morgan Stanley have probably received calls this week from their brokers. In addition to calming you down about the crisis around the banks, many of these brokers’... Read →
Inaccurate Hypotheses Being Circulated About Failures of Silicon Valley Bank and Signature Bank Image Copyright: BestCashCow

Inaccurate Hypotheses Being Circulated About Failures of Silicon Valley Bank and Signature Bank

There has been a lot of inaccurate information circulating in the media about what precipitated the failures at Silicon Valley Bank and Signature Bank, and what happens now. Let’s try and clear up at least six things that have been... Read →
Full Bailout of Silicon Valley Bank and Signature Bank Depositors Leaves Uncertainty About FDIC Limits Image Copyright: BestCashCow

Full Bailout of Silicon Valley Bank and Signature Bank Depositors Leaves Uncertainty About FDIC Limits

The FDIC’s and Federal Reserve’s decision to cover fully deposits at both Silicon Valley Bank (SVB) Bank and Signature Bank leaves some uncertainty about whether banks’ deposits are fully insured above $250,000 per... Read →
Silicon Valley Bank Situation is Troubling; Here is What It Means for You and Me Image Copyright: Coolcaesar (from Wikimedia Commons)

Silicon Valley Bank Situation is Troubling; Here is What It Means for You and Me

The sudden bank run on Silicon Valley Bank (SVB) that materialized over the course of yesterday is quite troubling. The reality is that banks make bets on interest rates, and when interest rates move suddenly in one direction, as they have... Read →
What is the CFPB and Why are the Republicans Out to Destroy It? Image Copyright: BestCashCow

What is the CFPB and Why are the Republicans Out to Destroy It?

The Consumer Financial Protection Bureau (CFPB) is a regulatory agency of the United States government that is responsible for consumer protection in the financial sector. The CFPB was established under the Dodd-Frank Wall Street Reform and... Read →
Is the Risk of A US Treasury Default Rising? Image Copyright: BestCashCow

Is the Risk of A US Treasury Default Rising?

The US Treasury has never defaulted on its debt obligations in its history, and it is ordinarily considered extremely unlikely to do so. The US government has a high credit rating and is considered a safe haven for investors... Read →
Is the US Economy Being Pesoized by Inflation? Image Copyright: BestCashCow

Is the US Economy Being Pesoized by Inflation?

"Pesoization" typically refers to a process in which a country's citizens or investors lose faith in their own currency and begin to use a more stable currency for transactions and savings. The US dollar is the... Read →
Fed Funds Rate Raised 25 Basis Points to A 4.50% - 4.75% Target, Says It Still Sees Need for “Ongoing Increases” Image Copyright: BestCashCow

Fed Funds Rate Raised 25 Basis Points to A 4.50% - 4.75% Target, Says It Still Sees Need for “Ongoing Increases”

The Federal Reserve has raised the Fed Funds target rate by 25 basis points to a target of 4.50% to 4.75%. Like the Fed’s six moves in 2022, today’s Fed move was very well telegraphed by Chairman Jay Powell. However, unlike... Read →
How to Earn More On Your Cash In 2023 Image Copyright: BestCashCow

How to Earn More On Your Cash In 2023

While the rate environment is dramatically different now, the most important piece of advice that I can give as we enter 2023 is the same as that which I would have given in 2022, 2021, or 2020. Get your cash out of non-competitive... Read →
Fed Funds Rate Raised 50 Basis Points to A 4.25% - 4.50% Target; 5.10% Is the New Median Target Image Copyright: High Line

Fed Funds Rate Raised 50 Basis Points to A 4.25% - 4.50% Target; 5.10% Is the New Median Target

The Federal Reserve moved to raise the Fed Funds rate by 50 basis points to a target of 4.25% to 4.50%. The move was well telegraphed by the Fed and completely anticipated by the markets. The move follows four consecutive 75 basis point... Read →

Surprising That So Many Americans Do Not Know How Much They Can Earn On Cash And Short-Term Deposits

I speak to lots of folks every day in my work and in my travels. These people are all very sophisticated – they are lawyers, doctors, engineers and other professionals. It has already been four months since the interest rate... Read →