It’s a slow news weekend, so let’s discuss some interesting tweets on a variety of topics.
Unlimited vacations
I have a hard time believing that offering unlimited vacations is the key to success.
China’s Evergrande crashes by 87 percent
Stopping the stock for 17 months did not solve the problem. Fancy that.
Personal finance
BRICS
Chandler offers another reason why most discussions of the BRICS are nonsense.
Here’s my position: What would it take for a BRIC-based currency to succeed?
I offer two definitions of success. The traditional definition won’t happen.
Credit card default rates
When to buy bonds
Student loans
With average rents, car payments, and home prices rising to unprecedented levels, and given the fact that most people acted as if they would never have to repay those loans, it was expected that default rates would rise.
Also keep in mind that the complicated mess of restarting student loan payments is intentional
61% of American workers live paycheck to paycheck, and 21% struggle with bills
Meanwhile, please note that 61 percent of American workers live paycheck to paycheck, and 21 percent struggle with bills
For a discussion of spending versus income, see Consumers Overspend in July, but Income Doesn’t Match