Personal Finance
- Have problems setting up and sticking to a budget? Try this reverse method. It really does work. I often use it myself – Self-made millionaires agree: You don’t need a budget. Here’s what to do instead – http://www.cnbc.com/2017/07/20/self-made-millionaires-say-you-dont-need-a-budget.html
- Getting over mental blocks of wealth building – 3 mental blocks to overcome if you want to build wealth – http://www.cnbc.com/2017/07/21/3-mental-blocks-to-overcome-if-you-want-to-build-wealth.html
Debt
- Going bananas on debt – http://www.zerohedge.com/news/2017-07-14/we-do-these-things-because-theyre-easy-our-all-consuming-dependence-debt
- How rising rates can cripple the indebted – https://realinvestmentadvice.com/people-buy-payments-why-rates-cant-rise/
- Subprime lending boom – Here we go again – https://www.bloomberg.com/news/articles/2017-07-17/new-u-s-subprime-boom-same-old-sins-auto-defaults-are-soaring
- Not so great news for all of the borrowers who have the belief that their next few decades will be fully predictable with increasing earnings potential – Half of American jobs are at risk from automation, new study suggests – http://www.cnbc.com/2017/07/19/half-of-american-jobs-are-at-risk-from-automation-new-study-suggests.html
- U.S. Debt Ceiling debate looms. Time to start arguing about why we need to kick the can down the road and how more debt will solve everything for the time being – https://www.bloomberg.com/news/articles/2017-07-20/s-p-s-prescient-warning-on-america-s-fiscal-unpredictability
Investments
- An excellent insight into the reasons behind extreme valuation levels and the data under the hood – https://realinvestmentadvice.com/fundamentally-speaking-earnings-at-risk/
- 17 years later, tech investors get back to break-even. Good job guys! – Tech stocks are about to finally wipe out their losses from the dotcom bubble—17 years later http://www.cnbc.com/2017/07/19/sp-information-technology-sp701-spx-near-2000-high.html
- Down the investing rabbit hole with Antti Ilmanen of AQR https://www.imca.org/sites/default/files/current-issues/JIC/JIC172_MastersSeriesIlmanen.pdf
Macro
- When smart value investors are losing money and getting frustrated, it’s time to take notice – David Einhorn is getting killed by his ‘bubble basket’ short bets against Tesla, Amazon – http://www.cnbc.com/2017/07/17/david-einhorn-getting-killed-by-bubble-basket-shorts-tesla-amazon.html
- When even the CEO’s of high flyers are claiming overvaluation and yet investors don’t respond – Elon Musk calls Tesla’s stock overvalued, a rare comment from a CEO – http://www.cnbc.com/2017/07/17/elon-musk-teslas-stock-price-is-higher-than-we-deserve-right-now.html
- The cost of option contracts to the upside has never been this cheap before. Investors are betting on very little upside movement in the near future – A striking stat shows why even the bears are tempted to bet on stocks http://www.cnbc.com/2017/07/18/a-striking-stat-shows-why-even-the-bears-are-tempted-to-bet-on-stocks.html
- Bill Gross Janus Henderson Monthly (A must read each month) – https://en-us.janushenderson.com/advisor/curveball/
- Mario Draghi following Japan into central banking hell. I’ll decode his message for you, “The best time to eventually reduce stimulus is either never or at least until after he is dead.” – https://www.bloomberg.com/news/articles/2017-07-20/draghi-says-officials-aren-t-there-yet-as-ecb-keeps-stimulus
- S. Economy Appears To Be Stalling – http://www.mauldineconomics.com/editorial/4-obvious-signs-the-us-economy-is-stalling-heres-what-to-do
- Who is REALLY buying at these levels? – https://dailyreckoning.com/real-reason-stocks-setting-records-2/
Happiness
- I live in Georgia and the state isn’t quite as progressive as say Colorado or Oregon but I’m monitoring the statistics regardless. When in doubt, let the numbers speak for themselves on social issues – Op-Ed: What Jeff Sessions is getting wrong about legal weed – http://www.cnbc.com/2017/07/18/jeff-sessions-misguided-marijuana-crackdown-commentary.html