Reading List for December 17-19
- The Federal Reserve Open Market Committee Meeting took place this week. Interest rates were not changed, but the taper in asset purchases was accelerated. (NYT Upshot) (NYT-Jeanna Smialek) (CNBC recap)
- Wholesale prices up a record 9.6% in November (year over year). (CNBC)
- Congress raises debt ceiling to avoid default. (CNBC)
- The Federal Reserve Bank of New York published its survey of Consumer Expectations. Check out the interactive graphics which break down expectations by all sorts of demographic categories.
Investing - NFTs
- CNET explains what NFTs are.
- CNET also explains what can go wrong when trading NFTs. The story of the bored ape yacht club.
- Even Melania Trump is getting in on the NFT action, launching her own platform. (CNN)
Investing – Graph of the Week
- This Scatter Plot shows the relationship (none) between one year's stock returns and the next year.
Budgeting – Holiday Shopping
- Christmas will cost more this year. Here is a good breakdown of how inflation is hitting holiday purchases. (VOX)
- Nintendo Switch and Microsoft XBOX are outpacing Sony PS5 this season. It is more about availability than popularity. (Business Insider)
- Where are the holiday deals this year? Shoppers aren’t finding many. (WAPO-subscription may be required)
- At least 76 colleges and universities have pulled student loans out of their student aid packages, digging deep to provide more scholarship and grant awards to needy students instead. (WAPO – subscription may be required)
- Here is some advice about restarting student loan repayments. (NYT-subscription may be required)
- If you will live to 100, how many more years will you work, and how will you last? The Atlantic
- Buffalo started a trend. Now Starbucks workers at two Boston cafes file for union election. (CNBC)
Pitfalls – Internet Security
- Have you heard of the Log4j software bug? Neither had I. CNET tells you what you need to know.