How much do you know about the Federal Reserve?
RichC | June 8, 2023
If the answer is “not enough” … check out this short YouTube video explainer.
Contemplating the history Fed hikes and recessions
RichC | May 4, 2023
While waiting for the big TWO TRILLION dollar company that is Apple ($AAPL) to report earning after hours on Thursday (story), I’m contemplating the likely outcome of accelerated interest rate hikes by the Federal Reserve. Obviously concluding that “inflation in transitory,” as the Fed Chair commented after the pandemic, was the incorrect assumption … and […]
A look back at the financial markets for today’s #TBT post
RichC | September 15, 2022
As we face another recession (some believe we are already in one – see February 2022 part 1 and part 2), I couldn’t help but notice a post from about this time of the year in 2008 (see chart at left) when we faced a previous self-inflicted recession (banking crisis). The 2007-2008 Financial Crisis was the […]
TRILLIONs more in spending? IRS tracking at the $600 level? Where are the sensible leaders in our Federal government?
RichC | October 9, 2021
If you think about it, the IRS will probably need far more than another $80 BILLION tax dollars to hire enough agents to track and follow up on every American who has a bank account or transaction over $600? A major component of President Joe Biden’s plan to raise revenue to pay for his trillions […]
Local banking issues, blockchain technology and the interesting book: Crypto Asset Investing in the Age of Autonomy
RichC | August 15, 2021
For decades now I’ve had a fairly positive relationship with both business (CPP) and personal banking … and particularly with local banks. I grumbled the 1990s when multiple bank mergers forced out the manager I worked with in NE Ohio. He knew me by name and often pulled me aside to see if there was anything […]
Will we ever see modest interest rates again? #TBT
RichC | March 26, 2020
When I was growing up, I had a passbook savings account that was a teaching tool used by my parents to instill responsible money management. I deposited a small amount in it every few months or so when my mom would go to the bank and got my passbook stamped with an update as to […]
Tech Friday: How is your Cyber Awareness?
RichC | November 22, 2019
So … you’ve survived pretty much unscathed after a couple decades of identity theft, credit card fraud and everything moving online … but at some point, you realize that you’ve been lucky. Most of us are pretty lax when it comes to locking down our data, securing our digital access points and devices. So perhaps […]
Is being creative with credit cards and banking worth the risk?
RichC | September 16, 2018
I hate seeing any of my friends borrow money … especially when the borrowing is at high rates as it often is for those struggling with bills and living month to month. It is particularly frustrating when they are still use credit cards with rates in the double digits, are paying the minimum and often […]
Huntington Bank and their 24-Hour Grace Overdraft Fee Relief
RichC | March 31, 2018
I’ve been around long see banking change from daily dealing with a local banker that I knew by name … who also knew me (and my business) by name … to just a drive up teller window or ATM to the latest technology of snapping pics of checks and tapping on a smartphone. I sort […]
The economy: 5 Lessons From 1Q 2017 – Jim Glassman
RichC | May 20, 2017
Every once in a while comes an “it’s a small world“ surprise and one wonders, “why didn’t I know this?” This past week, my sister-in-law sent me a link to an article from her husband Dan Glassman’s brother Jim. The link was to Jim’s Linkedin page and opined on the economy. I figured … we […]
Stop the Spocking says the Canadian Central Bank
RichC | March 8, 2015
Canada’s central bank is urging citizens to stop defacing their $5 notes in a tribute to deceased actor Leonard Nimoy (3/26/1931-2/27/2015). In a trend dubbed “Spocking,” Canadians have taken to drawing pointy ears and tiled brows on top of Canada’s seventh prime minister, Sir. Wilfrid Laurier, to make him look like Mr. Spock, the half-Vulcan, […]
How current environment impacts the financial institutions
RichC | January 21, 2012
I’m archiving the comments of guest Doug Dechille (First Principles Capital Management LLC) on CNBC’s Squawkbox this week. It gave me pause as our politicians and media debate the capital system which helped grow our country. Dechille brought light to the problems financial institutions have with government involvement and the heavy hand of the Federal […]
Unintended consequences of Dodd-Frank legislation
RichC | December 9, 2011
Is there a the logic to congress adding yet another layer of legislation in believing they are fixing things for individuals? No … it complicates life for individuals and businesses and ends up costing everybody more … especially for those who appreciate the independence and freedoms that made/makes American unique. The Dodd-Frank bill in just […]
Will new legislation really improve our nation’s banks?
RichC | March 16, 2010
I don’t want to be too critical about the ‘difficult for me to understand’ banking reform legislation, but after hearing comments on a WSJ podcast (below), the politically one-sided rush to reform does leave me concerned; it sure would be nice to have bi-partisan support for a banking oversight bill. My concern: If the Fed […]
Desultory - des-uhl-tawr-ee, -tohr-ee
- lacking in consistency, constancy, or visible order, disconnected; fitful: desultory conversation.
- digressing from or unconnected with the main subject; random: a desultory remark.