QUOTE OF THE DAY
CHART OF THE DAY
SOCIETY AND CAPITAL
Mortgage Rates Near Record Lows. CalculatedRiskBlog.
Fewer MBAs Want to Work For Hedge Funds, Bloomberg. "As business students pack up their
belongings after graduation, fewer are listing hedge funds as a top
destination, while private equity and startups are becoming more attractive."
There is no RiversHedge retirement finance thoughts here.
Just go and read: The Top 5 Longreads of the Week, LongReads.
Agnotology, Wikipedia.
"…the study of culturally induced ignorance or doubt, particularly
the publication of inaccurate or misleading scientific data."
Can the US Continue to be an Outlier in Long Term Care?ConversableEconomist. "Compared with other high-income nations of the
world, the US
is something of an outlier when it comes to long-term care: spending less,
fewer recipients of long-term care, as a result a healthier over-65 population.
"
Income Stagnation Weighing on an Aging Labor Force [video],
Bloomberg
If Demographics Are Destiny… Ben Carlson. "Then you have kids and kids are not
cheap."
The Pitfalls of the ‘Financialization’ of American Business,
Wharton. "the ‘financialization’ of
banking, and of business in general, has hampered real growth and innovation
while exacerbating inequality. The result is an “upside-down” economy where
finance, instead of serving as a catalyst, has become a headwind. And in the
wake of a devastating financial crisis fueled by excessive debt and credit, we
are seeing a smoke-and-mirrors recovery driven largely by more of the same."
Winemakers Warn of a Coming Burgundy‘Apocalypse’ ThinkAdvisor.
The continued rise of humans, St. Louis Fed.
Minneapolis Isthe Wrong Place to Try a$15 Wage, Bloomberg.
Culture Is Replacing Class as the Key Political Divide,
TheAtlantic.
A Middle-Class Stronghold’s Uncertain Future, TheAtlantic. "Wisconsin
is, for the middle class, the promised land."
Warren Berger’s Three-Part Method for More Creativity,
FarnamStreet.com.
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