Monthly Payouts (Yielding Up to 9.7%) That Are Jay Powell-Proof

“Brett, how you hanging in there?” My CPA leaned into his computer on our latest Zoom call. “Well, every time Gavin Newsom talks, my life seems to get a bit worse.” (The governor of California had just announced that public and private schools would not open in the fall.) He cracked up. “That comment reminds me of a column you wrote years ago about (then Fed Chair) Janet Yellen. Something about Yellen yapping and closed-end funds (CEFs) rising?” “Right. Poor Janet. She sure was level-headed compared to (current Fed Chair) Jay Powell. Every time Powell speaks, gold pops!” The reason is obvious.… Read more