Millions of fintech app users have lost access to their cash. In this episode, we explain why this happened and show you how to protect yourself when placing cash with traditional banks, neobanks, and fintech platforms. Topics covered include: Show Notes CHAPTER 11 TRUSTEE’S INITIAL STATUS REPORT BY UNITED STATES BANKRUPTCY COURT CENTRAL DISTRICT OF CALIFORNIA SAN FERNANDO VALLEY DIVISION—CourtListener Fintech platform Synapse raises $33M to build ‘the AWS of banking’ by … [Read more...]
470: How the Economy Really Works: Savings, Investing, Consuming and Market Distortions
A primer on how the economic engine works through coordination between savers, investors, consumers, producers, governments, and banks. How hoarding and unfair competition can lead to economic distortions. Topics covered include: Show Notes Wait, Is Saving Good or Bad? The Paradox of Thrift—The Federal Reserve Bank of St. Louis Rents: How Marketing Causes Inequality by Gerrit De Geest—Beccaria Books FTC Challenges Kroger’s Acquisition of Albertsons—Federal Trade … [Read more...]
304: A 15% Guaranteed Return? Lending on the Fringes of Finance
An analysis of the returns and risks of a cash advance company called DriverLoan Investor Club that promises to pay a 15% annual percentage yield. In addition, a look at different lending platform options including asset-based lending, unsecured peer-to-peer lending, and cryptocurrency lending. Jump to transcript Topics covered include Show Notes DriverLoan Investors Club DriverLoan USA Uhaul Investors Club LendingClub Statistics Driver Loan USA Google … [Read more...]
297 Plus: May 2020 Investment Conditions and Portfolio Review
In Plus episode 297 for the week of May 8, 2020, we review the latest economic trends, market valuations and market internals. We review the intrinsic value of stocks, why they historically have declined during recessions and why stocks may be acting differently during the current global recession. Finally, we review the criteria for when the allocation to stocks would be increased in the Money For the Rest of Us Plus model portfolios. … [Read more...]
297: How To Protect Your Savings
How to protect your savings from monetary threats like devaluation. Why high yield savings accounts exist and are they worth it. Topics covered include: Why Lebanon defaulted on its national debt and announced it will devalue its currency by 57%.Why some depositors in Lebanon will probably lose some of their bank savings.What investors can do to protect themselves from currency devaluations.What are stablecoins and why are they useful.Why some online banks pay above-average interest … [Read more...]
264: What Happens If U.S. Interest Rates Turn Negative?
Recently, the yield on the 30-year government bond in Germany went negative for the first time ever. Now there are 15 trillion dollars of bonds around the world, about 25% of the world’s bond supply that are priced so they earn a negative yield. That effectively means that investors are paying someone to hold their money. That there’s a cost to actually investing. The Math Behind Negative Yielding Bonds Most bonds that have a negative yield were not issued with a negative interest … [Read more...]
128: Is There Too Much Savings?
How holding onto goods longer before replacing them and a global savings glut impact the economy, interest rates and stock returns. In this episode you'll learn: How a cartel and planned obsolescence impacted the lifespan of incandescent bulbs.Why consumers are holding on to their items longer and how that impacts the economy.How a global savings glut pushes down interest rates and what is causing it.How Treasury Inflation Protections Securities work and help us monitor real … [Read more...]
