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Friday’s News

by Flexo

As Friday progresses, I’ll add articles and news I find interesting to this post. * Jim Jubak says there is no housing bubble. The first rule of Housing Bubble is you do not talk about Housing Bubble. His reasons: mortgage money is cheap (low rates), high prices are a result of inflation only, and consumer ... Continue reading this article…

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Account Balances, May 2005

by Flexo

Below are my account balances for the end of May, 2005. The balances are displayed next to the two previous months as well as May, 2004 for comparison. I’m slowly making my way, despite May’s net worth being a little lower than April’s. Some notes: * There is a value listed for my 2004 Honda ... Continue reading this article…

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Tangential Rant

by Flexo

One small piece of business-speak grates my ears everytime I hear it. The word is processes. For some reason, supposedly intelligent business people are often reduced to pronouncing this word as if its root was an imaginary Greek word, processis. That is, they pronounce the last syllable of the plural as “EEZ.” Unfortunately, like aks, ... Continue reading this article…

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May the Economic Force Be With You

by Flexo

Those strange CNN photographers and graphics designers have been at it again, apparently. While the yields of treasury bonds were falling, CNN.com staffers were busy morphing Alan Greenspan into Yoda. The caption for the photo: “Conundrum, hmmm? Boost interest rates, I must.”

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Presidential Bank Offers 3.5% APY

by Flexo

I have updated the savings and checking interest rates table to include Presidental Bank‘s savings account offering 3.50 percent APY. Is a rate competition between internet banks heating up? Relatedly, Marketwatch published an article about the tiered interest rate system that some of these banks use, favoring customers with more money. The tiers that I’ve seen ... Continue reading this article…

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Current Savings and Checking Rates

by Flexo

The table containing the latest checking and savings account rates has moved. Please update your links.

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Today’s Interesting Items

by Flexo

The Federal Reserve Bank raised rates to 3.0 percent. Will ING Direct, Emigrant Direct, and other high-yield internet savings banks follow? Seven rules for negotiation. Here is some good advice for negotiating anything, such as raises, car prices, and hostages. I wish I had read this when I first accepted my current position at this company. ... Continue reading this article…

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Car Insurance Depression

by Flexo

Last night, I wrote another check for my car insurance premium. So far this year, I’ve paid about $1,650 for car insurance to New Jersey Manufacturers Insurance Company. Over the last several years, I haven’t been able to choose my insurer because with many points on my license, I’m considered “high risk.” The good news ... Continue reading this article…

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