Wednesday Reading List
If you were a Senator or a Congressman from 2015-20, and you didn’t spend most of that time pushing for a giant refinance of our debt, you should spend the rest of your life embarrassed for your failure.
Barry Ritholtz
ICYMI: Through the Lens of An Optimist
In the latest episode of the Wealthy Behavior podcast, I talk to Sam Ro, founder and editor of the finance newsletter TKer.co, one of my favorite sources of market and investment information.
Sam is a self-described long-term optimist and short-term cautious optimist. He helps investors who are aiming to build wealth over time. Through Sam’s curated news, data, and insights he weeds through the noisy, attention-grabbing financial headlines (that he used to create), amplifies important themes that he feels don’t get enough coverage, and helps investors of all experience levels make sense of what’s really happening in the markets and economy.
Latest from the Heritage Financial team
8 Common Retirement Mistakes To Avoid – Given the potential for retirement to span 20 or more years, it is important to avoid costly mistakes today which could have detrimental costs tomorrow. We outline eight common mistakes people make which can have detrimental impacts on retirement.
ESPN PROFITS PLUNGE 20% AS UNCERTAINTY RISES by OutKick
Disney revealed the size of ESPN’s business for the first time in a regulatory filing on Wednesday. Suffice to say the future at Disney is quite uncertain.
Opinion: The 4% rule for retirement spending is now the 4.7% rule by Market Watch
An updated retirement planning rule of thumb and three steps to getting a solid handle on your retirement savings in this shaky market.
I initially thought this article was going to be nutty and saw some folks online mocking it, but she raises interesting points and a differentiating perspective every now and then is healthy.
See also: There’s Never Been a Worse Time to Buy Instead of Rent by The Wall Street Journal
Market Sentiment Suggests Fed Funds Rate Has Peaked… Again by The Capital Spectator
Rate hikes have peaked. Rate cuts are a separate issue and on that front the outlook looks much weaker for unwinding tight policy. By contrast, the case for thinking that the central bank may stay its monetary hand is relatively compelling.
New Normal or No Normal? How Economists Got It Wrong for 3 Years. by The New York Times
Economists first underestimated inflation, then underestimated consumers and the labor market. The key question is why.
The Greatest Missed Opportunity of Our Lifetimes by Barry Ritholtz
If you were a Senator or a Congressman from 2015-20, and you didn’t spend most of that time pushing for a giant refinance of our debt, you should spend the rest of your life embarrassed for your failure.
11 stock market charts that offer much needed context 📊 by TKer
There seems to be a lot on investors’ minds lately. Fortunately, there are also lots of really smart people sharing charts that help contextualize all these issues. Here are a few that were circulating over the past week.
Why You Might Be Drinking Too Much Without Knowing It by The New Yorker
Social conventions on what represents ‘a drink’ have evolved, and that is driving up our alcohol consumption and health risks. Americans are drinking larger and boozier beers and stronger wines, and getting heavy pours at bars, all of which deliver more alcohol than the standard drink.