It's a scorcher in many places. (We're hitting the mid-to-upper 90s today in Kentucky!) So find a shady spot (or an air-conditioned one), enjoy a cool beverage, and relax for a while with this week's Roundup.
- The nightmare scenario for central banks (Dario Perkins, TS Lombard). A British economist on why central bankers are willing to cause a recession to force inflation down.
- 10-chart Monday (Charlie Bilello, Compound Advisors). Mr. Bilello serves up a collection of informative charts and graphs on inflation, interest rates, and more.
- In God — and sound money — we trust (Dylan Pahman and Alexander William Salter, Wall Street Journal). The authors argue that inflation isn't just an economic issue. It's a moral matter.
- Don't let Facebook ruin your retirement plan (Tony Isola, A Teachable Moment). Facebook and other social media have a vested interest in exploiting worry and insecurity.
- What a strong dollar means for the rest of the world (Wall Street Journal). The dollar is stronger than it's been in decades, drawing foreign investors to the U.S. as a source of relative stability.
- Hesitant about a Roth because of the 5-year rule? Here's why you shouldn't be (Kiplinger). Many people assume that when money is moved to a Roth IRA, it's locked up for five years. That's not quite right.
- Here's how to maximize your healthy years in retirement (Barron's via Fidelity). "For most of us, whether we get 75 or 85 or 95 healthy years is affected more by lifestyle choices than by genes."
- The one place you can still get a 3% home loan: Your family (Wall Street Journal). The IRS sets minimum interest rates for loans between family members. Right now, the rate for a loan of 10 years or longer is 3.22%.
- What debts are you responsible for after someone’s death? (Mint). Some debts are written off — but not all.
- The states move forward with the flat tax (National Review, soft paywall article limit). The idea of a single-rate federal income tax never gained traction. But the flat tax approach is picking up steam at the state level.
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