Reading List for November 17-19
The big economic news this week was the October CPI at 0.0% for the month, lower than anticipated. Also included in this week’s list are some articles on investing, wealth, cryptocurrency, and a couple of general interest articles too. Happy reading.
- October CPI came in under expectations. Is inflation finally easing? Can the Fed take a breath? Here are two articles discussing both the inflation results and how they may be influencing the Fed. (NYT) (MarketWatch)
- Retail sales fell for the first time in awhile last month, but given the drop in gasoline prices, underlying retail sales are still holding up. (CNN)
- If you are interested in how recent fiscal policy has impacted the business cycle, this brief from the San Francisco Fed is accessible and to the point.
- CNBC offers some guidance on how to save money on your Thanksgiving in these inflationary times.
- The stock market reacted positively to the inflation news, having its best day since April. (CNBC)
- How do you decide between investing in CDs, Money Market Accounts and High-Yield Savings accounts? (CNBC)
- This Calculated Risk post assesses the current state of the housing market. This picture tells the story too. (Ritholtz.com)
- How many people actually inherit significant wealth? Who are they? (WaPo)
- This article provides an interesting view of the value of land in a world of speculation and absentee landowners and how the mayor of Detroit is trying to deal with it. (NYT)
- This is an interesting piece stating the importance of financial literacy in a crypto world. It happens to give a brief history of crypto as well. (Crypto Times)
- California is proposing a bill to make personal finance a high school graduation requirement, along with economics. (KION)