The Great Crash of 1979 Key Take-aways from the Great Crash of 1979: 1. Paul Volcker dramatically changed the direction of the US economy by focusing on controlling inflation, rather than maintaining full employment. 2. Volcker's secret Federal Reserve meeting on...
Keeping Things Simple - Podcast Episode 473 Key Take-aways: Charlie Munger convinced Warren Buffett to shift from "buying fair businesses at wonderful prices" to "buying wonderful businesses at fair prices," significantly impacting Berkshire Hathaway's success. Munger...
February 2024 Market Commentary - Podcast Episode 472 Key Take-aways: Market volatility has increased recently, with a likelihood of weakness in late February and March, which is a common seasonal trend. The "sell in May and go away" theory suggests that historically,...
When Will the Fed Lower Rates - Podcast Episode 471 1. The Federal Reserve raised the federal funds rate from near zero in March 2022 to between 5.25% and 5.50% by July 2023, and as of February 2024, they are not in a hurry to lower rates. 2. It typically takes six to...
New York Community Bank and the Federal Reserve, podcast episode 470 Key takeaways from podcast episode #470: The Federal Reserve decided to hold interest rates steady after their meeting on January 30th and 31st, 2024. The Fed's policy statement suggested that the...
Direct File Online - File Taxes for Free Key take-aways: 1. High tax payments may not be the fault of the accountant but could be due to insufficient withholding or estimated payments by the taxpayer. 2. Accountants are not infallible; consistent mistakes or IRS...
Junk Fees and the Fiduciary Rule Podcast Episode #468: - The Department of Labor unveiled its latest version of the fiduciary rule in October 2023, which has been subject to several changes over a nearly ten-year period. - The fiduciary rule mandates that advisors...
Mortgage Rate Mirage - Podcast Episode #467 - People often brag on social media about their low mortgage rate. But there's a thread on Twitter about someone who might lose their house for taking a lower mortgage rate. - The mortgage payment for these folks every...
401k Loan - Podcast Episode 466 Key Takeaways: - The podcast episode discusses an article from 401(k) Specialist, and sponsored by Principal Financial Group, which aims to debunk myths about 401k loans, suggesting that they may not be as negative as commonly...
Podcast Episode 465 Economic Data - December 2023 - Are you ready to dissect the economy's vital signs? In this podcast, episode #465, we take you on a deep dive into the economy's pulse. We examine economic indicators that shape the current landscape. The recent...
