Jim Puplava’s Big Picture: Big Ben, My New Best Friend
Also on the Big Picture: “The Train Has Left the Station; Are You Onboard?” and “Beating The Bank−Returns that beat cash and let you sleep at night”
Jim tackles three Big Picture topics this week. The first, "Big Ben, My New Best Friend" takes a look at the aggressive, open-ended QE announced this week by Fed Chairman Ben Bernanke. The Fed is clearly going "all in." In the next topic, "The train has left the station; are you onboard?" Jim discusses the actions by the Fed this year to jawbone the market and keep rates down. Now QE3 is here, and it appears it may be going global. In his third Big Picture topic, "Beating the Bank−Returns that beat cash and let you sleep at night," Jim advises structuring your assets like a bank, in not leaving large amounts of cash in CD’s or money market accounts that pay little or nothing. The banks have never been more profitable. Don’t become a victim of the bank by earning nothing on your money.