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Mystery Solved – Trump’s Unplanned Walter Reed Visit Was Not Caused By a Medical Condition Image Courtesy: Wikipedia

Mystery Solved – Trump’s Unplanned Walter Reed Visit Was Not Caused By a Medical Condition

The media and Twitter have been abuzz since Donald Trump made an unplanned visit to Walter Reed Medical Center in Bethesda yesterday morning.   Respected media observers, including CNN’s Sanjay Gupta, have highlighted how... Read →

November 2019 Update – Getting Harder and Harder to Get Excited About Cash

The Federal Reserve lowered the Fed Funds target to 1.50% to 1.75% on October 31, marking its third rate cut this year and causing many of the most recognized online banks to lower their savings’ offers below 2%.

The para... Read →

Trump International Hotel In Washington And Still More Bribery Image Courtesy: Washington Post

Trump International Hotel In Washington And Still More Bribery

In 2013, Donald Trump entered into a 60-year lease from the General Services Administration for the renovation of the old post office to become the Trump International Hotel in Washington.   The property is leased for $180 mill... Read →

The Federal Reserve Lowers The Fed Funds Rate to A 1.50% to 1.75% Target Image Courtesy: Investopedia

The Federal Reserve Lowers The Fed Funds Rate to A 1.50% to 1.75% Target

The Federal Reserve moved to lower the Fed Funds target rate today by 25 basis points to a range of 1.50% to 1.75%.

This move marks the third rate cut this year.

The Federal Reserve has now "reversed" three ... Read →

231 Year-Old Document Fails As Operating Manual, Leaving Trump in Power Image Courtesy: USA Today

231 Year-Old Document Fails As Operating Manual, Leaving Trump in Power

I am as overwhelmed as anyone by the prescience and power of the American Constitution.   It is worthy of accolades for its boldness, brilliance and vision and for its prescient guidance for a vibrant and caring society.  ... Read →

The Democrats Should Suspend All of Their Debates

Here are some things that could be interesting in a normal environment:

  1. Hearing Joe Biden defend himself and his son Hunter from allegations of misconduct.
  2. Seeing Elizabeth Warren’s latest handout propo... Read →
Dark Days for U.S.’s International Standing; Consequences Coming Image Courtesy: NPR

Dark Days for U.S.’s International Standing; Consequences Coming

These are dark days for our country, if not yet for financial markets.

While we have survived and even prospered with President Trump for three years, he is now highly unsteady.

Putin recognizes this.   So t... Read →

October 2019 Update - Hard to Get Excited About CDs and Even Harder to Get Excited About Savings

This time last year, everyone was getting very excited about savings rates moving well above 2%, about 1-year CDs at 2.85% and above, and 5-year CDs at 3.50%.   Those with cash were finally finding risk-free opportunities for t... Read →

The Federal Reserve Lowers The Fed Funds Rate by 25 bps to a 1.75% to 2.00% Target

The Federal Reserve acted today to lower the target Fed Funds rate by a quarter point.   This follows the July 31 quarter point reduction of the rate.   The Fed Funds rate had stood at a post-crisis high of 2.25% to 2... Read →

Hot Money - A Defense Image Courtesy: Pexels

Hot Money - A Defense

A well-known online bank recently dropped its savings rate by 15 basis points, and that action prompted me to close my account there and move the entire balance into... Read →

Trump Is Preparing to Fire Jay Powell and Replace Him with Jim Cramer Image Courtesy: Wikipedia

Trump Is Preparing to Fire Jay Powell and Replace Him with Jim Cramer

Trump tweeted at 8:22 AM this morning:

"I agree with @jimcramer, the Fed should lower rates. They were WAY too early to raise, and Way too late to cut - and big dose quantit... Read →

Trump’s Obsession with Dorian and Alabama Might be a Clever Ploy and Not Narcissism Image Courtesy: CNN

Trump’s Obsession with Dorian and Alabama Might be a Clever Ploy and Not Narcissism

Donald Trump continues to obfuscate in the interest of achieving his goals.   Hurricane Dorian presented him with an opportunity to try and change the narrative.   Rather than simply dismiss a minor gaffe regardi... Read →

Steer Far Away from Long Bonds and Preferred Stock Right Now (and from Anyone Pushing These Securities)

A good friend of mine in money management who I ordinarily think very highly of told me this weekend that he likes the 15-year US Treasury bond.   I’ve also seen this same endorsement of the longer term US Treasuries from... Read →

September 2019 Savings and CD Update – Where to Find Safety

It is the end of the summer and Labor Day is upon us.  It is a nice time of the year.  Unfortunately, conservative savers this year are faced with a dilemma of declining savings rates ahead of a Federal Reserve meeting in Septe... Read →

Be Careful Not to Rush Too Heavily Into Long-Term CDs Here

Interest rates have collapsed over the last several weeks and that may be good news for those interested in remortgaging or Read →