Happy Labor Day. Instead of working, you should be enjoying these reads:
• 15 Biases That Make You Do Dumb Things With Your Money (Fool.com)
• The Big Danger: Overreliance on Stocks Quant pioneer Clifford Asness thinks bonds are expensive but don’t constitute a bubble, and stocks are a little pricey, too. (Barron’s) but see Kelly: For Investors, No Need to Duck. Just Diversify. (NYT)
• Invest with Warren Buffett’s five-year plan: Choose a portfolio you could hold for half a decade (MarketWatch)
• Four Reasons the Fed Should Start Tapering in September (Moneybeat) but see Four Reasons the Fed Shouldn’t Taper Just Yet (Moneybeat)
• Jack Dorsey’s Plan to Save America’s Struggling Cities (Businessweek)
• New York to Seattle Buyers Tap Brakes After Rates Rise (Bloomberg) see also Housing fix has strong enemies (LA Times)
• So, What Is Economics Good For? (The Ticker)
• Rx: Human Nature: How Behavioral Economics Is Promoting Better Health Around the World (Harvard Business School)
• Private Lobbyists Get Public Pensions in 20 States (Associated Press)
• Everybody Loves Cephalopods (Boing Boing)
What are you barbecuing today?
Low interest rates lead to wildly fluctuating asset prices
Source: Marginal Revolution
Category: Financial Press
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