Weekly Mixtape For July 19th, 2020

Week In Review Articles

The WSJ: U.S. Retail Sales Rose 7.5% in June as Stores Reopened

The WSJ: Jobs Recovery Shows Signs of Slowing as Coronavirus Surges

The WSJ: U.S. Jobless Claims Held Nearly Steady at 1.3 Million in July 11 Week

CNBC: More Than 25 Million Americans Are Set To Lose The $600 Unemployment Boost Next Week

The WSJ: ‘This Is Not a Normal Recession’: Banks Ready for Wave of Coronavirus Defaults

The WSJ: Twitter Says Hackers Downloaded Some Users’ Personal Data in Recent Attack

The WSJ: 30-Year Mortgage Rate Reaches Lowest Level Ever: 2.98%

Weekly Mixtape

Morgan Housel: Here We Are–5 Stories That Got Us To Now “To understand why so many people are so angry in 2020 you have to realize that half the country gained insight into the other half at the very moment those halves were as different economically as they’ve ever been.”

John Geffert: Life Isn’t A Marathon, It’s An Ultra “Research shows breaking down long-term goals into short-term action steps significantly increases your likelihood of success. During a marathon, I may be running 26.2 miles, but I’m breaking the race into multiple 5ks. Your goal may be retirement, but you’re more likely to achieve that goal by focusing on 5-kilometer races (3- to 5-year increments) rather than the whole marathon (20-25 years).”

Preston McSwain: Help Others Hug Again It comes down to what I was taught is the golden rule. I think every culture has some version of it. Treat others as you would like to be treated. Show the respect that you would like in return.”

Ryan Krueger; Confessions Of A Digital Dinosaur “Parents, imaginations are building operating systems more important than any game. My humble suggestion is that we should wonder more also, about what might go right. The most underestimated question in esports is what else is going on there?!”

Jason Zweig: From 1720 To Tesla, FOMO Never Sleeps “The South Sea bubble did have many critics at the time. But conformity is a powerful force that can counteract gravity for longer than skeptics often expect. Bubbles are neither rational nor irrational; they are profoundly human, and they will always be with us.”

The Irrelevant Investor: Not Crazy Can Still Be Nuts “We know that the dotcom bubble ended in ashes, but we can’t know how this one plays out. The best we can do is be open to any outcome, and not bet the ranch on a future that might look different than the past.’

Barry Ritholtz: Big Tech Drives The Stock Market Without Much Help “As it turns out, tech companies can profit both from the U.S.’s shutdown and a recovering Europe and Asia. It is a very effective one-two punch. It explains so much of the market’s gains.”

The Long Game: Beware Of Lifestyle Creep “The hard part about lifestyle creep is that it happens slowly, making it hard to notice. Gradually, it sneaks up on you and before long you are playing a game of catch-up that is hard to win.”

The WSJ: Career Reboot–How an Architect Ended Up Directing at Nickelodeon “‘Aha’ Moment: “I was wanting to live and breathe my hobby [comedy improv], which wasn’t paying, and so at some point I was, like, ‘I think I need to try this.’ “

 

Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.



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