Here's our latest Roundup of interesting articles (and data) on investing, personal finance, and stewardship.
Fed rate cuts are now a matter of if, not just when (Wall Street Journal). Suddenly, the narrative has changed.
Treasury: $1.1 trillion deficit in first half of fiscal year (Committee for a Responsible Federal Budget). "Borrowing more than a trillion dollars in just six months can hardly be viewed as sustainable and is much more likely a sign that something is deeply wrong."
How bad has the US debt crisis become? (The Kobeissi Letter via X). "The U.S. government needs lower rates more than anyone."
History of bull and bear markets (First Trust). The latest iteration of a helpful infographic showing all the bull and bear markets since 1942.
Guide to the markets (J.P. Morgan Asset Management). A trove of charts and graphs, covering everything from stock performance to interest rates to inflation — with data through March 31, 2024.
Valuing Social Security as an asset in your retirement plan (The Best Interest). A $3,800 per month Social Security income stream is equivalent to a $760,000 portfolio being drawn down at 6% per year.
New national tax literacy poll highlights need for better tax education (Tax Foundation). "Most Americans are confused by and dissatisfied with the federal tax code." Who knew?
Avoiding or evading? (Richard Connor, Humble Dollar). The first is a prudent approach to taxes. The second is cheating.
Riches are a spiritual danger (Anthony Esolen via X). Riches give the "illusion of self-sufficiency" or prompt us to "think of ourselves as apart from God and neighbor."
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