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FOMC Lowers Rates By 25 Points, Won’t “Speculate” Or “Assume” On Trump Policies
Key Points Fed chair Powell was asked if he would resign, if asked by the new president. The Federal Open Market Committee (FOMC) lowered the federal funds rate by one quarter of a percentage point, or 25 basis points, at its meeting November 6 and 7. The move was largely expected, as 97% of interest […]
What The Longshoremen’s Strike Is Really About – And Why It Matters
Perhaps you’re familiar with the term “October surprise.” You may see pundits and reporters on cable news use the term during presidential election years. Basically, it refers to a news event that has the potential to change the political calculus of a campaign – and, potentially, the election itself. With the presidential election on November […]
Powell At Jackson Hole: The “Time Has Come For Policy To Adjust”
Key Points At Jackson Hole, Fed Chair Jerome Powell said he is confident that inflation is heading back toward the target rate of 2%. In his much-anticipated address at the annual Jackson Hole Economic Symposium, Federal Reserve Board Chair Jerome Powell did not disappoint those hoping the Fed cuts interest rates. While Powell stopped short of explicitly […]
The Inside Baseball Approach To Investing And Why It Works
Last week was Opening Day, so it is only natural that we talk a little inside baseball. There is a lot for investors to learn from baseball. The biggest lessons come from the greatest hitter of all time… As a Baltimore fan, I have a love-hate—as in I love to hate them—relationship with the Boston […]
7 Cash Alternatives – How To Get A Good Return On Your Money
Where to Park Cash Are you wondering, “What is a good alternative to cash?” Are you sick of meager interest payments on your savings? Finally, interest rates are delivering a strong yield. You can get a good return on your cash today and set yourself up for higher interest payments. Learn where to park cash, such […]
The Debt Ceiling Debate
The debt ceiling is dominating headlines as we narrow in on the potential X-date—at which time the U.S. Treasury will have insufficient cash to pay interest on the debt along with its other obligations. That date may arrive in early June, or potentially even sooner. While the likelihood of a U.S. government default is very low, the […]
Failing Federal Reserve Makes Mistake
The Federal Reserve has made a mistake by delivering a 25 basis-point interest rate hike amid ongoing financial market turmoil and recession red flags, warns the CEO of one of the world’s largest independent financial advisory, asset management and fintech organizations. The grave warning from deVere Group’s Nigel Green comes as Fed Chair Jerome Powell at Wednesday’s meeting […]
Silicon Valley Bank Default Rattles The Markets
Banking is relatively simple, they raise deposits and lend money. To do so successfully, a bank must manage a few risks. First, they need to duration hedge to address the difference between short-term deposit rates and the interest rate they lent money stays positive. Second, they hedge the credit and price risk of their assets. […]
