Jumbo CD Investments - CD Rates Blog

New Long-Term Commentary From WesCorp

Dwight is spot-on as usual.? Click over to read his thoughts.? Here is short quote that hits the?nail on the head.

The mess we are in didn?t happen overnight.? It took at least four years of hubris, greed, bad decision-making, and other assorted sins to create the credit monster.? A full recovery from the downside of that creation will also take years, not months.? But it has to begin somewhere and build slowly.? We think that process is beginning.?

Latest WesCorp Long-Commentary, Looking for Good News.

cd :O)

Best CD Rate - 11/28/07

Originally I was just going to update?a single post, but having a history will be more fun and helpful.

Our best personal CD rate?is 5.71% APY (10Y Term; No Fee). We also have a 1Y at 5.15% APR / 5.25% APY
Best Corporate rate is 5.01% APR for 1Y or the 10Y above.
Updated 11/28/2007.

Visit our Current Interest Rates to get started with our process. We do have a fee for our service.

Treasury Yields Dropped

Big drop in Treasury yields today.? The 2Y went from about 3.01% to 2.88%.? Most believe a big part of the buying spree was large investors seeking to cover other investments they had made.? But that wouldn’t account for all of the reduction.? The 10-year dropped to levels not seen since March 2004.? It was down to 3.84%.

Some believe it is a further flight to safety from other investment vehicles.? The continued drop will make it difficult for the Fed to not decrease rates again on Dec. 11.

Happy Thanksgiving

Most people say things better than me.? Here is a helpful hint from Dwight Johston at Wescorp.

Now, I’ll save you some time.? You don’t have to watch the news tonight, tomorrow, or Friday.? Tonight’s news will be wall-to-wall stories on travel?nightmares, with TV cameras across?America trained on the lines at airports.? Thursday’s news will be?the leftover travel stories, plus scenes of people carving and eating?turkey.? Friday’s news will be?endless shots of?masses of nutty people huddled in the dark and cold outside of Wal-Marts and Targets around the country?in the wee hours of the morning.?Those will be followed by scenes of jammed shopping malls.??So, there’s your news for the next three days.? Feel free to focus on the?important?thing in life - football.

Here is a great article from Caroline Baum over at Bloomberg.??Thanksgiving Is a Story of Pilgrim’s Progress?

Happy Thanksgiving everyone!?Have a great holiday.? cd :O)

Continued Show Down and Slow Down

Sorry I haven’t been as busy posting of late.? I’ve been working on our format for our Email Newsletter and thankfully been busy helping clients.?

But, the gloves are off.? It is the talking heads of Wall St. vs everyone else.? There is bad news to go around daily and each day it gets worse.? However, the talking heads keep trying to put a spin on it.? They keep saying it can’t get any worse, yet it does.?

These same talking heads said the mortgage problems would be contained.??They kept saying this even as companies failed and the Big Guys began hinting at huge losses.? Wall St. still wants us to believe the housing crisis is over.? But it isn’t.? Many of the ARMs people got into haven’t even repriced, yet.??There are still a very large number that will be affected in 2008, 2009, and 2010.

Foreclosures will continue, prices will continue to?fall and as a result the whole economy will suffer.? Many?also believe the Fed has a rate cut or two left in them.?

It isn’t all doom and gloom, but we have to be honest.? As I know many of you count on the interest from CDs for your income,?take prudent steps to protect your income and reduce expenses.??

• Bike or?walk when you can
• Pile on the layers and keep the heat down
• Turn lights?off when you aren’t in the room
• Eat at home more

If you have others leave them in the comments.

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