The Federal Open Market Committee voted last week to keep its target federal funds rate steady at 2.25 to 2.50%. Even more importantly, the FOMC voted to stop the Fed’s winding down of its balance sheet at the end of September of this year. And as of May of this year the Fed will halve […]
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With online retailers such as Amazon continuing to grow exponentially, to many people the age of e-commerce is finally here. It’s been over two decades since most people were introduced to eBay, Amazon, and online shopping, but the real growth has occurred in just the past few years. In just the past five years e-commerce […]
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The Federal Open Market Committee’s (FOMC) meeting last week was nothing less than earth-shattering in terms of its ramifications for financial markets. While many analysts had thought that one rate hike this year might be within the realm of possibility, the Fed all but shut the door on that happening. More importantly, the Fed indicated […]
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Bitcoin has revolutionized the world of payments, allowing individuals to transact with each other without the use of banks or other centralized payment processors. Those transactions can even take place across international borders, with greatly reduced cost versus what would normally occur through the banking system. But the one knock on Bitcoin is that, as […]
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With the demise of the half dollar as a circulating coin, the quarter dollar coin became the workhorse coin of American commerce. That made the George Washington quarter the most widely used and most recognizable coin produced by the US Mint. But very few people realize that the quarter used to be minted from silver, […]
Continue ReadingHave you ever had a nagging feeling that you need to do something, but you keep putting it off? And then by the time you get around to doing it, you’re too late and missed the opportunity? That’s how many investors felt during the 2008 financial crisis. Even if they understood that the housing bubble […]
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The crash of an Ethiopian Airlines 737 MAX 8 earlier this month has raised significant questions about the reliability of the aircraft. The aircraft in question, the second MAX 8 to crash within 5 months, was delivered to Ethiopian on November 15, 2018, meaning that it had seen less than four months of service. A […]
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Headlines last week were full of the news that wealthy, privileged parents had engaged in bribery to gain admission for their children to colleges they otherwise would have had difficulty getting into. Among those indicted was Lori Loughlin, known to millions of Americans as Aunt Becky on Full House. While the reaction to the scandal […]
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While numerous countries have discussed the possibility of issuing their own digital currency, the actual issuance of central bank digital currencies has in most cases failed to materialize. Aside from Venezuela’s much-derided petro, which doesn’t seem to be gaining much traction, no other central bank has issued its own digital currency. Until now. While many […]
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While it looks unconventional to modern eyes used to the Remington 870 and Mossberg 500, the Winchester 1897 shotgun was once one of the most popular shotguns in the country. Produced from 1897 to 1957, the Winchester 1897 was the first commercially successful pump shotgun and one of the first shotguns built to withstand the […]
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