You may recall that I wrote about a brand new online service for Canadians called Finizi a few months ago. I thought I would post an update today to let you know how they’re doing. In just a few months, they’ve completed over $40 million in GIC auctions. Finizi offers a new, easier way for… Continue Reading
Tag Archives: interest rates
GIC or Savings Account?
I recently had two reasons to look up the going rates on GICs and savings accounts. I thought I’d share what I found with you today and raise the question: Is it worth it to put cash into a 5-year GIC when some savings accounts are paying almost as much while offering the same safety and… Continue Reading
Are Low Interest Rates a Solution or a Problem?
Even nectar is poison if taken to excess. ~Hindu Proverb If low interest rates are good for the economy, it should be booming by now. After all, rates have basically been falling for 30 years. Over the last 10 years or so, short term rates have been held low by central banks. Just a few… Continue Reading
PIMCO’s Battle Call to Bond Vigilantes
[T]hose who live by numbers can also perish by them and it is a terrifying thing to have an adding machine write an epitaph, either way. ~George J.W. Goodman, The Money Game This is an excerpt of an article that was originally published yesterday on Seeking Alpha as premium content. You can read the entire… Continue Reading
QE Collateral Damage
In almost every respect, adhering to a policy of low rates, employing quantitative easing, deliberately stimulating asset prices, ignoring the consequences of bubbles breaking, and displaying a complete refusal to learn from experience has left Fed policy as a large net negative to the production of a healthy, stable economy with strong employment. ~ Jeremy… Continue Reading
Can Gold and Bonds Both Be Right?
In my opinion, the crisis and the sharp recession of the past two years and the subsequent rescue packages around the globe did not provide the necessary catharsis that recessions need to bring to economies. ~ George Athanassakos Update: This article was selected for the Best of Money Carnival #73 posted at Redeeming Riches. Thanks!… Continue Reading
Will the Fed Save the Day?
Numbing the pain for a while will make it worse when you finally feel it. ~Albus Dumbledore, Harry Potter and the Goblet of Fire Is the Federal Reserve a hero or a villain? You can find plenty of Nobel Laureates, pundits, and civilians like myself on either side of that debate. Nassim Taleb, author of… Continue Reading
Cash: Is It Trash or King?
A nickel ain’t worth a dime anymore. ~ Yogi Berra Update: This article was chosen for the Best of Money Carnival, #Sexty-Two at Budgets Are Sexy. Thanks! It was also included in the first ever Carnival of Wealth posted at Personal Dividends. Thank you! When we looked at the current pros and cons of investing… Continue Reading