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For every borrower, there’s a lender. But when discussing interest rate cuts, pundits and policymakers always focus on the benefits to the former ... NOT the costs to the latter. And guess...
COVID-19 has accelerated many businesses trends. The most important might be moving employees out of central offices. A poll from Gallup finds three in five, or nearly 60% of white-collar...
We don’t have economic data from the 14th century when the Black Death swept through Asia, Europe and Africa. We certainly don’t know much about the great floods that struck the Middle East and...
She was way out of my league, but I somehow got a beautiful cheerleader to be my girlfriend in high school.      Her father, however, did not care for me and wasn’t shy about letting me know …...
How do you know when investors have completely lost their marbles? J.C. Penney (OTC: JCPNQ, Rated “D”) jumped 96%. Hertz Global Holdings (NYSE: HTZ, Rated “D-”) soared 114%. And just for...
Every major crisis in history drives short-term measures that turn into fundamental changes that last for generations: The Great Depression redefined the role of the government in the financial...
I recently went shopping. At the register, I handed the cashier a $20 bill. She grimaced at me and gingerly pinched the corner of it like it was a paper bag filled with dog poop. This wasn’t an...
Last week, we discussed crypto assets showing signs that they’d break out to new cycle highs, as multiple sub-indices were showing positive momentum. Well, that breakout happened, as multiple...
I asked my children how much they were putting into their 401k plan, and one said: “Dad, I can’t afford to put money in a 401k.” I didn’t have two nickels to rub together after I entered the...
Remember back in 2017, when the Fed announced “Quantitative Tightening?” That meant selling some of the approximately $4.5 trillion of assets it accumulated on its balance sheet in after the...