Although my saving friends wouldn’t have liked it, I think a 50 Basis Point cut would have done more good to lift the economy. 2008 will actually have more Home loan problems.?? More loans are resetting in 2008 than they did in 2007.? The new gov’t Hope program only applies to a very small number [Read More…]

I have added a feature on our Sidebar that will display the date of the next Fed meeting. It will be next week, December 11, 2007.? At this point, odds are favoring a 25 Basis Point drop.? This will lower the Fed Funds to 4.25%. Although, personally,? I wish they wouldn’t be lower them at [Read More…]

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 [Read More…]

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.? [Read More…]

Many people out there question the logic of buying 10-year CDs. And it is smart to question. Let’s examine some historical data and pose some reasons for and against. You can then make up your own mind. As this is one of our more popular posts, I have provided some updates as of 8/23/11. Current [Read More…]

Today, the banks got a treat.? Whether or not it helps out Joe Homeowner remains to be seen.? Fed Funds now is at 4.50%.? If Prime is adjusted down at least rates indexed to Prime should see a little relief. We may also finally see a normalized yield curve, although it took lower leads to [Read More…]

I found this fun video on YouTube while doing some research.? I know my credit union friends will enjoy it, hopefully my bank friends will get a laugh, as well. Credit Union vs. Bank video.

Good ‘ol Hillary. Showing her true blue colors again. She wants to take your estate taxes and dole them out to encourage others to save. It sounds nice on the surface. If I open this new type of account, the Gov’t will match it up to $500 or $1,000.? Boy-o-Boy, free money. But it isn’t [Read More…]

The Fed Cut rates on Sept 18 by 50 Basis Points (0.50%).? Since then rates fell much more than I expected.? Now there is talk of another cut at the end of October. On average so far 1Y rates have fallen 30 Basis Points and the longer term has fallen even further.? Another cut would [Read More…]

A True Big Dog passed Wednesday afternoon. Our dog Christy went to doggie heaven. I’m dedicating today’s post to her. She wasn’t a big dog in size, but in heart. She was a cross between a Bassett Hound and a Lab. She looked like a Lab with no legs or a giant Daschund. She was [Read More…]