Financial News Friday – August 29, 2014
This Is Why It Feels Like The Recession Never Ended (Washington Post)
Between 2007 and 2014 inflation has raised the price of core goods and services by about 15%. As you can see above, workers in the 50…
This Is Why It Feels Like The Recession Never Ended (Washington Post)
Between 2007 and 2014 inflation has raised the price of core goods and services by about 15%. As you can see above, workers in the 50…
Bull Markets 1871 to July 2014: Duration and Magnitude (Greenbackd)
To put the current market into context, here’s a post by Toby Carlisle about the length of bull markets (the graph is featured above). In the post he …
As you can see from the chart above, this has been a week of steady declines in the US stock market. On Thursday alone the S&P 500 declined by 2%. With all of the current market volatility, which is very …
The New Rules for Money Market Funds (Morningstar)
The SEC has now ratified its news rules for money market funds. These are the funds your money is typically parked in when it is sitting in ‘cash’ in your …
The nonpartisan Congressional Budget Office (CBO) projects unsustainable increases in US debt held by the public over the next 25 years. Unless some action …
Biggest Retirement Income Gap Seen for Oldest Pre-Retirees (ThinkAdvisor)
According to a study conducted by BlackRock, the youngest pre-retirees (around age 55) have the smallest income replacement shortfall and have enough resources between Social Security and retirement savings …
Happy Independence Day!
Treasury Opens Door For New Annuity Options (Financial Planning)
The IRS and Treasury Department have finalized rules governing longevity annuities. These types of annuities only begin paying out once a retiree reaches age 80 or …
Market Structure Nightmare Comes True in Barclays Dark Pools Action (Bloomberg)
In recent months the New York Attorney General’s office has made a pledge to target unfair market practices that are allegedly conducted by high frequency trading firms. …
Fed Chairman Janet Yellen To Market: Don’t Be So Sure of Yourself (WSJ)
Uncertainty was the word of the day for this past Wednesday’s press conference. Yellen makes no guarantees about the future of interest rates and says …
We’ve had an interesting week in the financial world as well as some rocky markets. Here are some of the highlights from this week:
Elon Musk Just Opened Tesla’s Patents To His Biggest Rivals (Businessweek)
Tesla Motors and …