Today the 30-year treasury bond dropped to below 3% (2.95%) for the first time in history. The Fed is also poised to lower the target rate for Fed Funds to 0.5%. Some think they might even go lower, but I think they want to leave room for another cut if the economy doesn’t start improving. [Read More…]

Caroline Baum publishes an annual column on what really happened with the Pilgrims and Thanksgiving. I invite you to check it out. Thanksgiving Feast Happy Thanksgiving!!! May you and yours be blessed. cd :O)

CD Rates on terms of 2-years or less have been trending down. For about a week after the last rate cut, there wasn’t much movement. However, as it looks like the Fed Funds will remain low for sometime and some have predicted it may even go to 0.5%, the CD Rates have been going down. [Read More…]

Apparently Fortune Magazine did an article on HENRYs. I have never even heard this term. It means High Earners, Not Rich Yet. One of my favorite bloggers has a good discussion going on. Head on over, check it out, and leave your point of view. The discussion centers around who should be making the decision [Read More…]

The biggest difference between an IRA CD and non-IRA CD is the tax consequences. IRAs (Individual Retirement Accounts) can contain a variety of investments, such as mutual funds, bonds, real estate, and of course CDs. What is an IRA Without going into lots of detail about IRAs themselves, they basically are an investment account that [Read More…]

I wanted to feature this in the newsletter, but I honestly don’t know when I’m going to be able to get that done. However, I still want to get the information out there. In these scary times, sometimes it is helpful to take our eyes off ourselves, and look towards helping others. That is the [Read More…]

In an orchestrated move with other Central Banks, the FOMC lowered Fed Funds from 2.00% to 1.50%. This will bring short-term rates down, but the longer-term may not be affected much. As a result, we will have the steepest yield curve we’ve had in some time. I just don’t get it though. The Fed Funds [Read More…]

With a stroke of a pen, President Bush signed the Bail-out plan on Friday evening (10/3/08). A provision that was included was temporarily increasing the FDIC Insurance limit to $250,000. The increased limit is only in effect until 12/31/09. Congress would have to pass more legislation to make it permanent. The NCUA will follow suit [Read More…]

Congratulations America. You are now on the hook for $700BB. Let’s hope and pray that this works. Failure can not be an option. I would honestly like to hear from small business owners. I’ve heard stories from both sides. Those that run on a cash-only basis that were against this and those that were facing [Read More…]

The Senate passed the bail-out bill. But, they added 18-pages of unrelated extensions and tax exemptions. Sounds like some of these items were added to “bribe” some of the members of the house that originally voted no. I say call your representative and tell them to take out the “junk”. If the bill is to [Read More…]