Investors can’t afford not to keep a watchful eye on lending levels which have a direct impact on inflation with how much in reserves has been added to the banking system. Luckily for us, and the economy, consumers still aren’t willing to take on negative-carry debt to fund consumption spending. Can we get a big hell yeah? Read more…
I’ve long been a proponent of using frequent flier miles, cash back cards, and even super low balance transfers to the advantage of your personal finances. However, this guy is taking it to a whole new level. After being laid off his executive job, and having amassed millions in frequent flier miles, Jim Kennedy is now using his frequent flier miles to cover his expenses. Read more…
Banking stocks have been all over the place in recent days as investors find themselves in a toss up of whether or not to own financial shares going into what could be a new tax on the largest banks. In an attempt to recover lost TARP money, the administration is considering a new bank tax on firms with over $50 billion in assets to make up for unreturned bailout funds. Read more…
General Motors may be down, but its not out. After telling some 2000 dealers it would not renew their franchise agreements last October, the company will bring back 600 dealers to its network. Looks like good news following Toyota’s huge recall problems… Read more…
Where there’s controversy and problems in the market you’re sure to find Goldman Sachs. This investment bank just can’t stay out of the spotlight—a problem that’s not going away any time soon. This time at least Goldman wasn’t in the wrong. Read more…
Though Warren Buffett certainly earns respect for his impressive returns at the helm of Berkshare Hathaway, the double speak on the topic of bailouts and speculative investing shows the kind of guy he really is. Read more…
Just as I had written a few days ago, it wasn’t until the Fed began locking up or calling back its inflationary programs that it would have any affect on monetary policy. However, just a few days later, the Fed has done just that, securing $200 billion worth of reserves in Treasuries in an effort to calm investors worried about inflation. Read more…
Long term bond prices are on the brink of collapse. With record high borrowing ahead in 2010 as well as indication from the Fed that it wants higher rates whilst promoting inflation, bond yields are set to soar while prices crumble. Read more…
Pundits are already lining up to call the recent action by the Federal Reserve its big exit strategy. However, facts are damning things. A Federal Reserve exit from the markets won’t be in the form of interest rate policy, it’ll come when the Fed starts to dump its MBS and Treasury holdings. Read more…
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