The Big Picture

JULY 7, 2024

@TBPInvictus here If you’re tired of California-minimum-wage-and-its-impact-on-limited-service-restaurant-employment stories, I understand. Leave this page immediately. I’m tired of it, too, but some stories are so factually challenged that they demand a response. So, allow me to address a hot mess of a story that appeared recently in the California Globe.

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Food Math Numbers Media 337

Abnormal Returns

JULY 7, 2024

Top clicks this week How major asset classes performed in June 2024. (capitalspectator.com) Just how useful is historical financial markets data? (retirementresearcher.com) Don't forget, stocks are real assets. (downtownjoshbrown.com) Europe's stock market has badly lagged the U.S. How much longer can it last? (awealthofcommonsense.com) Beware small sample sizes.

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Insurance Assets Financial Market Investing 310

A Wealth of Common Sense

JULY 7, 2024

I’ve been writing about the housing market for years now. It fascinates me to no end because housing is one of the most important decisions from a personal and financial perspective. In recent years, much of my focus has been on how broken the residential housing market is. Higher prices and mortgage rates have driven housing affordability to levels we’ve never seen before in the United States.

Marketing 132

Marketing Marketing 132

Abnormal Returns

JULY 7, 2024

Markets How the rise of automated investing has changed the stock market. (awealthofcommonsense.com) When did the 'degenerate economy' really take hold? (howardlindzon.com) Crypto Mt Gox's Bitcoins are in motion. (axios.com) Why Bitcoin miners are of interest, i.e. they have power to run data centers. (coindesk.com) AI Do we really want our AI assistants emailing back and forth?

Financial Advising 263

Financial Advising Economy Media Economics 263

Speaker: Amanda Adams, Fractional CFO, CPA

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Amanda Adams, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. This session will cover critical best practices and process improvements tailored specifically for accounting professionals.

Accounting

Million Dollar Round Table (MDRT)

JULY 7, 2024

By Sukhi Wahiwala Have you ever experienced an infinite loop of wasting time? It’s likely you often do. At Harvard University, they say people get distracted every three minutes. It then takes 15 minutes to regain the same level of focus. The dreaded infinite loop of time-wasting is the process of starting something and hitting a delay every three minutes, which then significantly stretches out the time it takes for you to complete a task.

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Management 82

Trade Brains

JULY 7, 2024

Ladder Bottom Candlestick Pattern: It is crucial to understand candlestick patterns for technical analysis because they provide insight into the price movements of securities. We will explore the significance, creation, and trading techniques associated with the ladder bottom pattern among the various candlestick patterns available. The formation of patterns assists traders in determining the trajectory of security, allowing them to identify favourable entry and exit points and develop effective

Risk Management 59

Risk Management Management Portfolio Marketing 59

Calculated Risk

JULY 7, 2024

Note: I covered apartments and offices in the newsletter: Moody's: Apartment Vacancy Rate Unchanged in Q2; Office Vacancy Rate at New Record High From Moody’s Analytics economists: Apartment Demand Slowly Catching Up, Office Stress Continued to Manifest, Retail Resilient Despite Bankruptcies, And Industrial Cools Down The Q2 2024 data maintained its familiar trend with the retail vacancy rate holding steady at 10.4 %.

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Retail Sales Planning Investing 70

Advisor Perspectives

JULY 7, 2024

Last week, the Supreme Court overturned a decades-old legal doctrine that gave federal regulators the power to interpret unclear laws. This touched off a lot of wild rhetoric about the end of the administrative state.

Marketing 59

Marketing Marketing 59

Trade Brains

JULY 7, 2024

The stock market is a place where public company shares are bought and sold. When we buy stock, we own a part of the company. The value of our ownership is determined by how many shares the company has issued and how many we have. The stock market is governed by rules to ensure fair and transparent trading. Stock prices are influenced by both fundamental and technical factors, such as company performance, market sentiment, and previous price action.

Marketing 52

Marketing Marketing Electronics Economy 52

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

Accounting

Advisor Perspectives

JULY 7, 2024

New British Prime Minister Keir Starmer promised a government of “stability and moderation” after leading his Labour Party to a landslide election victory that ended 14 years of Conservative rule that became characterized by turmoil and infighting.

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Government 52

Random Roger's Retirement Planning

JULY 7, 2024

A whole lot of retirement focused articles to hit on today. First is The Money Habits I Learned From My Parents-for Better or Worse. This is very interesting to me on a personal level. I was somehow aware of how bad my parents were with their money when I was very young and I've described it before as having benefitted from my parents mistakes. The comments were interesting.

Retirement 40

Retirement Food Planning Banking 40

Advisor Perspectives

JULY 7, 2024

On the surface, the US employment report for June looked pretty good. Some 206,000 jobs were added, which exceeded the 190,000 median estimate of more than five dozen economists surveyed by Bloomberg. Also, wage growth continued to moderate, easing concern that fast-rising earnings would underpin inflation.

Economics 52

Economics 52

The Big Picture

JULY 7, 2024

Avert your eyes! My Sunday morning look at incompetency, corruption and policy failures: • “The Bear” confronts Carmy’s nightmare: A boss who believes in creating excellence through pain : Bosses like Joel McHale’s NYC chef, who haunted Carmy and this show’s viewers since the start, are all too common. ( Salon ) • Why GPS Is Under Attack : The Global Positioning System runs the modern world.

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Insurance Retail Taxes Investing 144

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Join us in this webinar, where we share best practices on how to think about the reconciliation work each month, when best to do reconciliations, how they should be prepared, and some common pitfalls to avoid. Learning Objectives: This course objective is to understand how to properly prepare and review balance sheet reconciliations and its impact on the financial statements.

Accounting

Advisor Perspectives

JULY 7, 2024

Worried that inflation is coming down too gradually? The Romans had a not-so-subtle solution: Anyone suspected of ratcheting up prices faced execution. If you’re currently anxious about declining fertility across today’s major economies, they had an answer for that, too: Celibacy was discouraged among women, Vestal Virgins excluded. Offenders might forfeit their inheritance.

Economy 52

Economy 52

Advisor Perspectives

JULY 7, 2024

Tariffs do more harm than good to nations that impose them.

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Advisor Perspectives

JULY 7, 2024

The Canadian labor market unexpectedly lost jobs for the second time in four months, keeping the central bank on track to further cut rates this year.

Marketing 52

Marketing Marketing Banking 52