Whenever the Federal Reserve speaks or the talking heads at CNBC open their mouths, all we ever hear is that inflation levels are depressed, and that essentially everything is falling in price. The Bureau of Economic Analysis (BEA) pegged the consumer price index (CPI) at pretty much zero. The Paul Krugmans of the world actually […]
Archives for April 2015
Will U.S. adopt Australia’s deposit tax policy?
Australia is on the verge of instituting a tax on bank deposits that will certainly hurt the average consumer, retiree and saver. Australia Treasurer Joe Hockey is proposing a 0.05 percent tax on deposits of up to $250,000 as part of efforts to raise $500 million for the bank deposits insurance fund. The nation’s biggest […]
Spring Cleaning: 6 financial chores to add to your to-do list
Spring is in the air. The birds are chirping. The temperature is warming up. Lovers are serenading each other. What’s better than the arrival of spring? Unfortunately, households everywhere still embark upon the impossible mission of cleaning their households from top to bottom for an entire day. Although families are mopping the floors, cleaning out […]
Warren Buffett says he wouldn’t raise rates if he ran the Federal Reserve
Everyone’s favorite billionaire Warren Buffett recently said that if he was helming the Federal Reserve he wouldn’t do much to raise interest rates. He purported that economic conditions are getting better right now, and implied that it’s due to these artificially low interest rates. “I probably wouldn’t do much,” Buffett stated when asked what he […]