Money & Economics

bigredfish said:
The market is not the economy. It's a casino.

Unless you really believe companies with no profit are worth 50X multiples in value?

Were you by chance in or recall the valuations of stocks in late 1999-2000? Market was booming, until it wasn't.
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Are you evaluating me? LOL I am not the Market...haha...Maybe I missed the Thread Title: MONEY & Economics

Economy, I can only share my personal experiences and those I know. I will leave the Economics to you :)

I was simply posting that the market is doing good. Better than what we are getting at 5% We have a retired family member gambling his savings in the Market, I hear from him only when he is doing good, not when he is losing :) Kinda like a lottery winner will never tell you how much they spent prior to winning.

Our money is not in the Market, well not directly, actually most everyone's money is in the Market in some way or another. Our CDs, the bank is using our money in the Market. Our Savings is in a Money Market. Annuities, same thing, etc.

I am with you, I know the Market is over inflated/valued. 90's Dot-com Bubble...
 
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Got a promotional offer from Fifth Third Bank the other day. Open a money market account and earn 4.75% APY through March 1, 2026 for a balance of $25K or higher. FDIC covers up to $250K.

About a year ago it used to be 5.3%. Still 4.75% not bad for fully liquid account.
 
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Sybertiger said:
Open a money market account and earn 4.75% APY through March 1, 2026 for a balance of $25K or higher.
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Aw, that's nothin'. Doesn't begin to compete with some of the great deals I have.

First, US Bank:
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Schwab:
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Etrade:
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I ran across an even better one, 0.009%. Don't remember who it was.
 
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Yeah I'm not seeing 4.75% anywhere around here, even on big CD's let alone MM

Our MM at a local small bank WAS 4.85 about 12-18 months ago. Now at 3.5%

Marcus is consistently the best among the well known names, we had %5.25 with them last year, best CD rate we could get on rollover last month was 4.4%
 
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We have our liquid in a Money Market at our Brokers...We no longer have a savings account...these two accounts are liquid like a savings account, no minimum needed and no penalty for withdrawal.. But we will see these percentages drop if Feds lowers Rates again.


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Yep similar. I think we have to maintain 50 and you can use 6 withdrawls p/mo without penalty.

We dont use it as our primary checking so its just reserve liquidity and rarely touch it

I suspect we'll all lose .50 next month as they drop rates
 
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David L said:
We have our liquid in a Money Market at our Brokers...We no longer have a savings account...these two accounts are liquid like a savings account, no minimum needed and no penalty for withdrawal.. But we will see these percentages drop if Feds lowers Rates again.


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Yeah, I'm getting ready to move a chunk out of FZDXX to Fifth Third Bank but only until March 1, 2026 when the 4.75% ends. We'll see what to do next when March comes around. I'll likely move it back to Fidelity at that point. This is the first time in over 20 years I'll have a "real" bank account meaning local branches and ATM machines. Really no use for local bricks-n-mortar anymore unless you need to deposit cash which I don't deal with.
 
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"We expect three consecutive 25bp cuts in September, October, and December, followed by two more cuts next year to 3-3.25%.
A 50bp cut is also possible at an upcoming meeting if the labor market deteriorates more quickly" - Goldman

Goldman is basically saying the economy is already heading south and they have to cut rates now. Goldman also says 93% chance we're already entered recession.

SO we're going to see all of those interest rates go to shit.
Gold looks even better

 
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While I understand the theory, I think this screams be careful what you wish for.
I think the longer you stretch reporting, the more opportunity for more fudging and marketing to effect perceived value.

I suspect most companies will love it

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bigredfish said:
Yep similar. I think we have to maintain 50 and you can use 6 withdrawls p/mo without penalty.

We dont use it as our primary checking so its just reserve liquidity and rarely touch it

I suspect we'll all lose .50 next month as they drop rates
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Yeah, with Fidelity or any Brokerage firm, they are not banks. How we do it is transfer money from Fidelity to our banks via EFT (Electronic Funds Transfer), it is Free, kinda works like a wire transfer, only down side is it can take a few days. Lately for us it has only taken 1 day, well 2 I guess being the day we requested transfer and the next day we will see the money in our bank. It works for us.
 
bigredfish said:
While I understand the theory, I think this screams be careful what you wish for.
I think the longer you stretch reporting, the more opportunity for more fudging and marketing to effect perceived value.

I suspect most companies will love it

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Click to expand...


The economy is in a bit of trouble so lets cut back on reporting.
Seems he just said this a few weeks ago about BLS and other .gov economic reporting....

Nothing to see here
 
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