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Fishing for Fed’s Independence
(The following was first published on The Kotok Report website and via LISTSERV. For details, visit https://kotokreport.com/.) First, I want to wish all readers the very best and safest holiday celebrations. Our Congress celebrated, too, by giving the United States an added cost of about $50 billion a year in the nation’s interest rate burden. I will…
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FedNow
David R. Kotok, October 6, 2024 (The following was first published on The Kotok Report website and via LISTSERV. For details, visit https://kotokreport.com/.) A rule of thumb is that when politics gets inserted into the management of your money, be very careful and watch the money. We’ve seen that with ETFs like ACVF or ESGU…