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Image Copyright: JP Morgan Chase
Dimon on Crypto: "If I was the Government, I'd Close it Down"
Chase CEO and Tufts alumnus Jamie Dimon has been skeptical of bitcoin and crypto for some time. While other major banks have made forays into what Charlie Munger termed "trading turds", Dimon has kept his bank out of it. The... Read →
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Forbright Bank’s Latest Deal Shows Just How Broad Climate Funding Can Be
I have been a keen observer, advisor and investor in the climate space for many years. I am a believer that the lowest hanging fruit in our decarbonization efforts revolve around investments related to energy generation through the... Read →
Image Copyright: BestCashCow
You Have Not Missed Your Chance to Lock in Long-Term Cash At Higher Rates
US Treasury rates came down dramatically last week, with the 1-year falling from 5.32% to as low as 5.01%, with still more pronounced declines along the longer end of the curve (the 10-year, for example, crashed from 4.55% to... Read →
Opening Your First Online Savings Account: 10 Factors to Consider
I continue to be surprised by the number of people – well educated people – that I come across in my daily routine who tell me that they have not yet opened their first online savings account. Nobody disputes the fact that a... Read →
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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
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 →
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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 →
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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 →
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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 →
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 →
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 →
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 →
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Top Ten Rules for Using Credit Cards for Hotel Points and Airline Miles
Getting travel points is the best way to be rewarded for your credit card spend. Here are BestCashCow's top ten rules to follow.
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Can Opening A Credit Card for Hotel Points or Frequent Flier Miles Damage Your Credit?
The risk is less than you think, but pay attention to your utilization ratio when closing a card.
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Follow This 5 Point Plan and You Will Be Earning Valuable Free Travel
The use of credit cards that provide points in hotel and airline loyalty programs is far and away the most valuable reward available for your use of one or more credit cards.
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