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Fed's Beige Book: "Economic activity increased slightly to moderately"

Calculated Risk

The nonfinancial services sector grew slightly overall, with Districts highlighting growth in leisure and hospitality and transportation, notably air travel. Truck freight volumes, however, were down.

Economics 162
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10 Monday AM Reads

The Big Picture

FiveThirtyEight ) • When Suburbs Go to War With Transit : A battle over building a housing development near a Baltimore light rail station illustrates why it’s so hard to make viable public transportation in the suburbs. Meanwhile, companies are flirting with a four-day workweek in pilot programs worldwide, including in the U.S.

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10 Thursday AM Reads

The Big Picture

It’s a rarity for the two main asset classes, almost always negatively correlated, to perform a duet. As concerns about labor force participation among American men mount, maritime transportation firms are desperate for new mariners. ( New York Times ). • So When Will Stocks and Bonds Un-Link? What’s Going On With the Housing Market?

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Saturday links: a five-alarm blaze

Abnormal Returns

Transport Maintaining rail lines is challenging in a more uncertain climate. npr.org) FASFA basics: accounting for parental assets. nytimes.com) Brightline is showing the way on high speed rail in the U.S. apnews.com) The costs of car ownership are up some 13% in the past year. nytimes.com) Electric-powered boats are making progress.

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Yieldstreet Review: Should You Invest In Alternative Assets?

Good Financial Cents

Access to wide array of alternative asset classes Access to ultra-wealthy investments Can invest for income or growth Learn More Now. Because the platform holds various assets – real estate , cryptocurrencies , artwork , and more – the average user holds about seven investments. Unique Asset Classes. Yieldstreet IRA.

Assets 94
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Personal finance links: improved affordability

Abnormal Returns

spectator.co.uk) Financial potholes High housing and transportation can blow a hole in your finances. awealthofcommonsense.com) Seven steps to an estate plan including 'Take stock of your assets.' businessinsider.com) Disney ($DIS) vacations are expensive. Some families are borrowing to visit. Now they are looking a lot like Boomers.

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Improve client relationships

Million Dollar Round Table (MDRT)

Allocating retirement planning I introduce asset allocation with clients by dividing retirement life into two parts: basic life and high-quality life. Basic life is daily expenses, like food, clothing, housing and transportation. After showing them that breakdown, I discuss the details of asset allocation.

Clients 102