In the future, we’ll pay to work, get paid to consume, and gamble to keep our money safe.
We live in a time of radical monetary policy and dramatic technological change. Cheap money finances innovation, and innovation helps hide the full effects of cheap money. In the process, everything we know about work, investment, and consumption is being redefined....
Number of 401(k) and IRA millionaires hits record one year after Covid
KEY POINTS Thanks to the market’s recent run-up and increased savings, retirement account balances have now surpassed pre-Covid highs. The number of 401(k) and IRA millionaires also hit an all-time record in the first quarter of 2021, according to Fidelity. Although...
It’s not just Colonial Pipeline that’s paying off hackers
CNA Financial Paid $40 Million in Ransom After March Cyberattack (Bloomberg) — CNA Financial Corp., among the largest insurance companies in the U.S., paid $40 million in late March to regain control of its network after a ransomware attack, according to people...
Bonds Have Never Been So Useless As A Hedge To Stocks Since 1999
Bonds aren’t working as a safe haven like they used to. On a day when risk aversion swept across everything from stocks and commodities to crypto currencies, Treasuries barely budged. In fact, the S&P 500 and 10-year Treasury futures haven’t been so positively...
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