Remember When Savings Accounts Used to Pay Interest?
A Look at the Puny Yields on Savings & Money Market Accounts These Days By Jon Aldrich Low interest rates have been around for quite a while, ever since the Financial Crisis of 2008 when rates were lowered to combat the Great Recession. I guess we have got accustomed to getting nil on “safe” money…
Read MoreNot Out of the Woods Yet
Markets have settled down for the most part, but is it just temporary? By Jon Aldrich Even though we are still in the throes of the COVID-19 pandemic, due to the quick actions of Jerome Powell and the Federal Reserve and fiscal programs such as the CARES Act and the Payroll Protection Program (PPP) provision…
Read MoreDid the Inverted Yield Curve Predict the Pandemic?
Last Year’s Yield Curve Inversion Proves Surprisingly True By Jon Aldrich Do you recall all the hubbub in the media and in print about the Yield Curve Inverting last year and that a recession was probably just around the corner? At the time the stock market was rolling, the housing market was booming and unemployment…
Read MoreHarking Back to the ‘Good Ole Days’
By Jon Aldrich Do you long as I do for the ‘Good Ole Days’? You know, back when life was far simpler, less complicated and not as dangerous as it is today. Back when you could have dinner at your favorite restaurant with a bunch of friends, go see a movie at the theater, catch…
Read MoreRough Seas Likely to Continue
Things are likely to be uneasy for a while, but we probably do not have to worry about another “Great Depression”. By Jon Aldrich We just ended one of the worst quarters in history for the markets (you knew that when you looked at your most recent brokerage or 401k statements). Stock markets dropped 30%…
Read MoreSomewhat Succinct Summary of the CARES Act. Part II
Part II – Effects on Retirement Accounts and Taxes By Jon Aldrich As promised in the first installment of the Somewhat Succinct Summary of the CARES Act, here is the sequel you have all been waiting for. But first, I mentioned in my last article, the unprecedented jump in initial unemployment claims last week to…
Read MoreSomewhat Succinct Summary of the CARES Act.
Part I – The Recovery Rebates By Jon Aldrich Wow, March has been a doozy of a month for all of us. A pandemic has hit the world causing everyone to fear for their health and that of loved ones. Most of us are on orders to stay at home to reduce the spread of…
Read MoreCould We Have Seen This Coming?
By Jon Aldrich I have been thinking about this a lot recently during these stressful times we are currently enduring. How did we not see the COVID-19 virus causing such an enormous economic and health crisis not only here in the U.S. but around the globe? Of course, we all saw back in January that…
Read MoreToday’s Real Heroes
By Jon Aldrich Source: https://www.ajc.com/blog/luckovich/mike-luckovich-the-frontlines/cLrwNVlsZdVZPIkJ6HGh6J/ The above cartoon which recently appeared in the Atlanta Journal-Constitution drawn by Mike Luckovich really struck a chord with me. A modern day version of the famous Iwo Jima photo from World War II which depicted our heroes from that era raising the flag on the Pacific Island near the…
Read MoreDarkest Before Dawn
By Jon Aldrich Source: https://www.arcgis.com/apps/opsdashboard/index.html#/bda7594740fd40299423467b48e9ecf6 I keep thinking I am in the middle of a bad dream and that I am going to wake up and we are back to how life was just a few weeks ago. But, alas, that is not the case as this nightmare that 2020 has become is still ever-present….
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