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Perspective USA Today - $5 to access your own money? ATM fees jump to record high and these cities are the worst - David Carrig 10/2 * "Among the top 25 metropolitan areas, Pittsburgh residents encountered the highest fees. The top 25 metro areas with the highest average ATM fee, according
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If you were to read only one thing… Reuters - Chaos and hackers stalk investors on cryptocurrency exchanges - Steve Stecklow, Alexandra Harney, Anna Irrera and Jemima Kelly 9/29 * "Online exchanges for trading bitcoins and other virtual currencies can make fortunes for their owners. But they are largely unregulated, besieged
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If you were to read only one thing… NYT - How Did Marriage Become a Mark of Privilege? - Claire Cain Miller 9/25 * "Marriage, which used to be the default way to form a family in the United States, regardless of income or education, has become yet another part of
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Perspective Economist - The super-rich are different: they pay less tax 6/1 Visual Capitalist - The Problem With Our Maps - Nick Routley 6/2 Worthy Insights / Opinion Pieces / Advice FT - Grantham says higher valuations will persist - Robin Wigglesworth 6/1 * "The US stock market has entered an era of
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If you were to read only one thing… WSJ - China's Debt Addiction Will Be Hard to Cure - Anjani Trivedi 5/15 * "China is attempting cure itself of an addiction to debt. The problem is, that could just stoke yet more demand." * "Take local-government debt,
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Worthy Insights / Opinion Pieces / Advice FT - Puerto Rico: island of despair - Lex 5/4 Scientific American - High Ground Is Becoming Hot Property as Sea Level Rises - Erika Bolstad 5/1 * "One of the great ironies of those historic housing patterns in Miami is that for decades under Jim Crow,
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Worthy Insights / Opinion Pieces / Advice FT - The era of 'deflationary progress' means betting on automation - David Eiswert 5/3 * "Investors need to come to reconcile themselves to the contradiction of progress and slower growth." A Wealth of Common Sense - Experts on an Earlier Version of the
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In the UK the economy has grown but wages have declined. Does your bond index have Chinese bonds – it will soon. The Puerto Rican teacher’s pension ponzi scheme (really several US states and cities aren’t far away from a similar situation). Headlines WSJ - Macau Casinos Face Impending Shuffling
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A novel way of paying off debt – issue more of it, the savings are already accruing. It’s official, Nigeria is in a recession. Headlines * WSJ - Food Price Deflation Cheers Consumers, Hurts Farmers, Grocers and Restaurants 8/29. "The U.S. is on track this year to post the
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How much spare crude oil is there – hard to tell. Nontraded REIT sales struggling. There are a lot of dangers lurking in the Chinese P2P market, but the yield is just SO GOOD… Headlines * FT - Singapore vows more 'intrusive' bank probes after 1MDB scandal 7/24. Turns out
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China’s coming debt bust. It’s a short one this week – traveling with the family. Enjoy! Headlines * FT - Chinese retail investors throw global commodities into a tailspin 5/6. Without a better outlet, money from Chinese retail investors has found its way to the commodity markets. * FT - Canada'
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Beware of ‘investments’ being peddled by Chinese banks. China no longer getting the same bang for the buck. Industry concentration tends to result less money going to employees. Headlines * FT - Will duration risk rear its head for bond investors? 4/28. "The duration on the Barclays global aggregate bond