Full disclosure by me because I write this weekly blog, I think is important. When I read an opinion piece or listen to a pundit who is espousing a particular belief, I am always curious about the persons education whether formal or not. I’ve shared my educational background in past blogs but never noted that my 19 years of formal education were in Catholic institutions. The relevance.is that what I want to share with you today is not coming from an outsider but rather from a person who is steeped in the teachings of the Catholic Church. It is not my intent to criticize but rather to point out certain facts as I know them to be from my experience.
The U.S. and in fact most of the world has (and I’m afraid will always have) disagreements between the liberals and conservatives within their populations. In my lifetime I have now seen a second Catholic President and not one but six Catholic Supreme Court Justices. There was a time when it was believed that a divorced person could not be elected to be president of the U.S. The pendulum has swung from conservative to liberal to conservative again during my lifetime here in the US. Coincidentally the same is true within the Catholic Church. Presently the Pope is being criticized for his liberal stances and is getting the most blowback from clergy here in the U.S. Watch how in the near future the Catholic Church and the U.S. government mirror each other.
At present the financial gurus seem to be pushing older people who are retiring or are already retired to move their monies into CD’S because of their safety and yields slightly above 5%. For a historical perspective I have found the following CD rates to have existed. 1965 to ’69: 4 to 8.8%; the seventies 4 to 13.5%; the eighties 18.65% to 8.32%; the nineties 8 to 6.05%; 2000 to 2009 6 to .22%; 2010 to 2019 .2 to 2.69%; and from 2020 to today .1 to 5.39%! It is hard not to note that CD rates must be watched closely. Since its inception in 2019 the Mathmatecum has equaled or surpassed CD rates.
Living in Hawaii and seeing scenes of copious. amounts of snowfall I can’t help but remember the late 1940’s in Paterson, N.J. I would walk to school between snow piles to either side of me that were at least shoulder high if not higher. We would sled down the stairs from school 15 and down a city block (Oak St) and across Summer St! When I was in high school my first car was a 1955 Plymouth Belvidere convertible. After a rather large snow fall and before the plows were out, my younger brother Cosimo, and I with one shovel and the top down on the car went to visit a friend in the next town Teaneck, N.J. We got stuck a couple of times but managed to free the car and return home safely. It was Currier and Ives and Norman Rockwell all rolled up in one!
JAI BABA
TTFN
JU
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