The Strange Things People Google in Every State

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Source: WonkBlog

Category: Consumer Spending, Technology

More Signs of Wage Inflation

From Torsten Sløk of Deutsche Bank: The first chart below shows that over the past year employer costs have risen significantly. The second chart shows that the rise is driven partly by a significant increase in bonuses. The third chart shows that the uptrend in wages can been seen across all parts of the services…Read More

Category: Employment, Inflation, Think Tank, Wages & Income

10 Thursday AM Reads

Hard to believe, but this is our first morning train reads of the post-Clarkson era: • Stock Market Downdraft Is a Buying Opportunity (Barron’s) but see Nasdaq Composite Falls Most Since April as Tech Shares Tumble (Bloomberg) • The biggest mistake investors are making right now (Fortune) • How Much Cash Is Too Much Cash for Your Portfolio? (US News)…Read More

Category: Financial Press

Wally’s New Hobby: Economic Babble

Here’s how it works:   Source: Dilbert  

Category: Economy, Humor

Daniel Kahneman: The riddle of experience vs. memory

Using examples from vacations to colonoscopies, Nobel laureate and founder of behavioral economics Daniel Kahneman reveals how our “experiencing selves” and our “remembering selves” perceive happiness differently. This new insight has profound implications for economics, public policy — and our own self-awareness

Category: Cognitive Foibles, Psychology, Video

Informational Contagion in the Laboratory

Category: Think Tank

The Chemical Structure of DNA

Source: Compound Interest

Category: Digital Media, Science

Explaining the Explainers

One of the more fascinating aspects of watching finance is the never-ending stream of explanations for the market’s action. Strategists, news media and economists all engage in a series of tortured rationales for what just happened. These tend to be after-the-fact reasons that are too smug, too pat and too late to be useful, let…Read More

Category: Cognitive Foibles, UnGuru

10 Things About Living Longer in Retirement

Source: BlackRock

Category: Asset Allocation, Digital Media, Investing

10 Wednesday AM Reads

Midweek, and the news-flow continues apace. It is our privilege to bring you the finest custom morning train reads in the land: • What Happens When Vanguard Owns Everything? The company is bigger than an 800-pound gorilla–and still growing. (Morningstar) • Old Age Doesn’t Kill Bull Markets (Dr. Ed Yardeni) • The Billion Prices Project Thinks Inflation May Have…Read More

Category: Financial Press