What I’m reading this weekend:
- Investor Psychology: Your Brain is Hardwired to ‘Follow the Herd’ : Steadfast Finances – Are you an iconoclast? If not, you should invest in index based funds.
- Many See the VAT Option as a Cure for Deficits : NYT – If I wanted to live in Europe, I would have moved there.
- For feds, more get 6-figure salaries : USAToday – “Federal employees making salaries of $100,000 or more jumped from 14% to 19% of civil servants during the recession’s first 18 months — and that’s before overtime pay and bonuses are counted.” Nice! Government salaries increased, while the rest of the country saw a decrease in salary.
- No End in Sight to Govt. Spending Spree: $12.1T Debt Ceiling Set to Be Raised : Yahoo! Tech Ticker – Why have a debt limit, if it can be raised?
- Reach for Stock Yield, and You Might Get Bit : WSJ – I-Bonds make the most sense over dividend producing stocks. I completely agree, and invested 4k for our emergency savings.
- In Year of Investing Dangerously, Buffett Looked ‘Into the Abyss’ : WSJ – Interesting time line of events dealing with Buffet. How much of the man himself helped “pump” his investments by that media tour he did? Also the fact that Fuld went to Buffet 6 months before the meltdown confirms what I’ve always believed, that the financial institutions knew how bad this all was until it was too big to hide.
Great list.
Although, my stomach turned a little when I read the debt ceiling was raised. Shouldn’t it be the debt floor was lowered?
Matt: Yes the debt limit is a joke. What’s getting lowered is our standard living.