‘It’s not the Fed’s job to support the market’

By global|2018-12-20T10:03:42-05:00December 19th, 2018|Morning Thoughts by Kenny Polcari|

Market players are placing too many expectations on the central bank, warns Kenny Polcari of ButcherJoseph Asset Management.

Chase to Bar Customers From Using Credit Cards for ‘Pay Later’ Loans
Financial regulators and consumer advocates frown upon using credit cards to pay off installment loans because of the risk that consumers will dig themselves further into debt.
Finally, a Way Around Exorbitant Rental Car Surcharges for Tolls
Temporary toll passes, now free for those who rent cars at the Orlando airport in Florida, allow drivers to avoid charges for toll payment devices. Could this be a model for other destinations?
What to Know About Hotel Day Passes
Hotels are increasingly making some of their most enviable amenities available to day pass holders.