Category: Cryptocurrencies

Reading List for March 5-7

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Mar 05, 2021
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Financial Literacy, Economics, Investing, Cryptocurrencies, Retirement, Budgeting
    Financial Literacy ICYMI--Here is a link to Tim Ranzetta’s piece for The Street.   Economics This week marked Fed Independence Day (Happy 70th!). Here is a Planet Money episode explaining what that is all about. Speaking of the Fed, Jerome Powell’s comments yesterday about the potential for some inflation as the economy restarts sent markets moving. (CNBC) For more on Powell’s message stressing patience, read the NYT explanation. Initial jobless claims...

Reading List for February 26-28

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Feb 26, 2021
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Financial Literacy, Economics, Investing, Cryptocurrencies
Financial Literacy More players have jumped into the financial literacy effort. Nike’s partnership aims at kids (Yahoo Finance). The Skimm’s new SkimmU is aimed at its largely female following (7 million subscribe to its daily news feed).   Economics   Here is a great summary of where Janet Yellen stands on current top economic issues. (NYT) Last week’s first-time jobless claims dropped over 100,000 from the previous week. The number is still huge. (Yahoo Finance)...

Reading List for February 12-14

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Feb 12, 2021
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Cryptocurrencies, Investing, Economics, Budgeting, Taxes, Paying for College
Happy Valentine's Day! BitCoin Bitcoin may be winning the headline contest over GameStop this week. Let’s start with “What can you buy with bitcoin?” (NYT) The nation’s oldest bank, BNY Mellon, and Mastercard announce they are getting on the cyrptocurrency bandwagon. (Markets Insider) Tesla may have triggered the latest run-up in bitcoin pricing after their announcement of a $1.5 billion investment, and that they would accept bitcoin as payment for their cars. (CNBC)...

Reading List for Feb 5-7

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Feb 05, 2021
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Investing, Cryptocurrencies, Economics
Investing-GameStop Round 2 Treasury Secretary Yellen and other regulators met to discuss what happened with GameStop and other stocks (NYT), and Cleveland Fed President does not expect any resultant changes to policy. (CNBC) Or the leaders could just listen to Andrew Ross Sorkin, who proposed six ways to “fix” the market in his DealBook article this week. Gary Gensler has been nominated to head up the SEC, and this will be his issue to deal with. For some perspective on how he might...

Reading List for January 15-17

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Jan 15, 2021
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Cryptocurrencies, Economics, Investing, Behavioral Finance, Career
Cryptocurrency What goes up, must come down. Just last week we posted about bitcoin reaching a record high. This week it turned south. (CoinDesk) And many people are scrambling to find the password to their digital wallet to cash out! (NYT)   Economics Not a lot of good economic news this week:  New unemployment claims jumped back up to the million mark last week. (Yahoo Finance) (NYT) Lael Brainard estimates the unemployment rate for the lowest paid workers is likely north of 20%...

Reading List for January 8-10

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Jan 08, 2021
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Economics, Cryptocurrencies, Investing, Insurance, Student Loans
Economics Biggest economic news this week hit today: The December jobs report shows a 140,000 decline, the first decline since April, and the news for long-term unemployed and labor force participation aren’t great. (NYTimes) This followed yesterday’s news on initial jobless claims, still stubbornly high. (Yahoo Finance) The US Trade deficit hit a 14-year high in November. (Reuters) January 1 brought increases in the minimum wage across the country. (NYTimes) (Economist-graph...

Reading List for December 18-20

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Dec 18, 2020
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Current Events, Investing, Economics, Cryptocurrencies
The New York Times will be free to high school students and teachers through September 2021, sign up here!. During this time, expect to see a few more articles from the NYT than you have been seeing in the reading list.   Pandemic One vaccine (Pfizer) is being administered as I type, as a second one (Moderna) is about to receive emergency authorization. Great news! But watch out for vaccine scams! (WAPO) Not only are female workers taking a disproportionate hit to income during the...

Reading List for December 4-6

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Dec 04, 2020
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Investing, Economics, Cryptocurrencies, Student Loans
Investing Michael Batnick provides a well thought out answer to the question “is Robinhood (any zero commission/fraction share platform) good for investors?” (The Irrelevant Investor) Economics Why economists support more stimulus, and what will happen come January 1 if there is no further stimulus. (NYTimes – subscription) The number of Americans using credit cards to pay rent has risen 70% over last year. NPR Mortgage rates hit yet another record low: the 30-year rate...

Black Friday 2020 Reading List

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Nov 27, 2020
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Economics, Investing, Behavioral Finance, Student Loans, Cryptocurrencies, Taxes
Hope you all had an enjoyable and safe Thanksgiving yesterday! Black Friday Here is one out of the UK to read BEFORE you do any Black Friday shopping, using behavioral economics to explain marketing tactics. (MouthyMoney) While we are on Black Friday—what will it look like? (Probably like Cyber Monday.) (USA Today) And Nathan Burrow of the NYT shares advice on how to avoid overspending on Black Friday. (NYT-subscription) Economics Surprise!? Consumer Confidence fell unexpectedly in...

Reading List for October 23-25

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Oct 23, 2020
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Financial Literacy, Economics, Credit Scores, Cryptocurrencies
Financial Health PRNewswire reports on an extensive three-part survey by Lending Tree and Stash to look at the financial health of people during the Covid-19 crisis. Here are the key findings: Due to the economic impact of the COVID-19 crisis, 1 in 4 people expect to retire later than anticipated. That's especially true for those who make less than $35,000 (34%) and Gen Xers (29%), as well as Latino (30%) and Black consumers (28%). People of color are facing heavy financial...

Reading List for November 8-10

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Nov 08, 2019
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Financial Literacy, Entrepreneurship, Payment Types, Credit Cards, Investing, Cryptocurrencies, Retirement
Financial and Economic Literacy People don’t know as much as they think they know about money. (Kiplinger) Teens think economics is an important subject, yet they don’t grasp key concepts even after taking an economics class. Here are some suggestions for making the education more effective. (PRNewswire) The CEO and founder of Pliquit wrote an article for Forbes encouraging banks to step in and take advantage of Gen Z’s consumption of media to fill their financial literacy...

Reading List for October 18-20

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Oct 18, 2019
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Current Events, Financial Literacy, Cryptocurrencies, Student Loans, Financial Scams, Career, Budgeting, Taxes
Financial Wellness Rather than focusing on life events, banks are now basing their products and marketing on everyday financial decisions, getting into the financial wellness business. (The Financial Brand) Is your credit card debt making you sick? A detailed study by CarefulCents.com finds the answer if “yes.” (PRNewswire)   Economics/ Crypto-Currency Here is an article from The Economist that discusses the demise of cash across the world’s economies. (For more detail...

Reading List for October 11-13

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Oct 11, 2019
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Behavioral Finance, Cryptocurrencies, Investing, Financial Scams, Career, Retirement
Behavioral Finance An interesting dive into gender and money: The Myth of the Frivolous Female Spender (NYT) FinTech A longer read from Knowledge@Wharton discussing how FinTech may be helping the underbanked and unbanked. The risk is that many of these services fly under any regulatory radar.   Crypto-currencies Mark Zuckerberg will face Congress to talk about Facebook’s proposed crypto-currency Libra. He will face a tough crowd, (Axios) and now several backers (Visa,...

Digging Deeper: What the Heck are Digital Dollars?

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Oct 11, 2019
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Cryptocurrencies, Economics, Payment Types
What if the US Federal Reserve stops printing currency and minting coins, going to purely digital dollars.  How would this differ from life today, where many of us never actually touch cash? How would this differ from private crypto-currencies?  What role will commercial banks play in this new system? Where does the Federal Reserve Bank stand on this issue? If dollars no longer exist physically, does it change the dollar’s standing globally? Given that the US has not yet planned...

Reading List for September 6-8

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Sep 06, 2019
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Current Events, Advocacy, Investing, Cryptocurrencies, Paying for College, Career, Employment
Advocacy Liz Frazier pens a compelling piece for Forbes magazine listing five reasons personal finance should be taught in schools. She is preaching to the choir here, but perhaps her approach will get through to the general public, and one might find this a concise source of supporting arguments and statistics for your personal quest. Carrie Schwab-Pomerantz explains her efforts as President of the Charles Schwab Foundation to promote financial literacy (Yahoo Finance) An academic study out of...