In an earlier piece I talked about how many of us don’t know how much we pay our FSPs (our financial services providers). And I mentioned how this lack of knowledge came about because many of us are at our consumer-worst when it comes to FSPs and because some FSPs […]
Right now there is essentially universal agreement that interest rates are going up. And this prediction holds for long-term interest rates as well as for the typically far-more-predictable short-term interest rates. Do you know why short-term rates are typically more predictable than long-term rates? It’s because those are the rates […]
This blog — which I’m thinking of as the FHB — is a week old. In going back over the pieces, I see that an interesting phrase has come up more than a few times. The phrase is: you owe it to yourself Have you ever decided to follow up […]
Today I have something short and purely educational for you. Interest rates are in the news today. Greenspan et al. are meeting, and there is unanimous agreement among the punditocracy that he will raise short term interest rates (the only interest rates over which he has much power) by 0.25%. […]