Game over for auto market? (Tweets are parts of a bigger thread)
moved mine to discover recently, was at keybank (.05%)
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Please advise for this decent rate on savings or CDs.
My old man had CDs for my kids when he passed, so now i will need to park it someplace for 3-5 years.
I’ve used Bankrate.com just from a google search result. A few years back I had some money set aside for our next house purchase and decided to open up an account with CIT bank and was pretty happy with them. Then the world shut down and we bought a house and I haven’t been able to really take advantage since. I did see though that they’re advertising 3.85% currently to new customers. Bask Bank is offering 4.03% so I may jump ship to there.
Edit- these are savings account rates, haven’t looked into CDs
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If its for your kids id probably roll it all into stocks. Pick a few companies that look promising long term and leave it there. If it was for anyone near retirement age id say online savings, rates are great right now.
Thanks.
I think I’m old enough that I still don’t really trust an online only bank even though I do most all banking online now.
The kids will get access to the money in 3-5 years when they hit 21.
Not a ton, but 4% seems a lot better than the 0.04 from the current BOA account.
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Damn it.
Any good companies need project managers?
(what’s the difference between a PM, and hooker? There are some things a hooker won’t do)
#prayforLinde now that its been on mad money again
Look at Wendt, my buddy just left as PM and I don’t think they replaced him yet.
You ain’t leaving hoe 
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#inversekramer
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on the alliin podcast they referenced a report that came out last week that stated at the US FED inteads to get the interest rates up to 5.5%, or aout 1% up from where it is now. still trying to find their source but this pbs link maybe references the same report from this week?
seems to me they are working on getting people accustomed to continued increases. I don’t think they will be able to stop at 5.5% tbh… likely rates have to nearly double from here and get into the 7.5% or 8.5% range.
Using the historical data, the authors project that if the Fed raises its benchmark rate to between 5.2 percent and 5.5 percent — three-quarters of a point higher than its current level, which many economists envision the Fed doing — the unemployment rate would rise to 5.1 percent, while inflation would fall as low as 2.9 percent, by the end of 2025.
Inflation at that level would still exceed Fed’s target, suggesting that the central bank would have to raise rates even further.
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If you have cash sitting in a brick and mortar bank get that shit moved to a HYSA at an online bank or buy treasuries.
I’m old and still not sure I trust an online only bank, even though I almost never go to the bank.
I used Discover. They’re well known and insured. Check out nerd wallet!
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Peter Schiff, in his latest podcast, says that priced in to the market right now are 0.25% increases in each of the next 3 meetings in March, May and June. Also said growing chances of 0.50% increase in March.
also said do not expect inflation below 4% in any year for the rest of the decade.
this dude does tend to be right, though timing is always an issue.
these comments were in the last 10 minutes.
I hope he’s wrong about bitcoin though lol has been so far!
Inflation needs to stay up until we get our debt obligations under control. I’m sure that will be heavily influenced by whoever is sitting in the white house over the next two elections.
so how are we feeling about SVB boys?
the All-In Besties are calling this a Silicon Valley extinction-level event
and there are probably a lot more of these kinds of failures yet to come. amazing how difficult it would be for regular people to foresee this stuff too. a brief look at the #'s and you’d never know on the surface of things.
Still several more interest rate hikes yet to come as well.