Monthly Archives: December 2020

Book Bits: 19 December 2020

Money Mammoth: Unlocking the secrets of financial psychology to break from the herd and avoid extinction
Brad Klontz, et al.
Summary via publisher (Wiley)
When it comes to our relationship with money, we are in the Stone Age. Despite the relentless barrage of information and warnings from financial experts, the average American is in terrible financial shape. It turns out that human beings are just not wired to do the right things around money—such as saving and not overspending.

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Macro Briefing: 18 December 2020

* Second coronavirus vaccine moves closer to approval in US
* Congress still haggling over coronavirus stimulus as gov’t shutdown nears
* Google facing three major antitrust lawsuits
* US set to add dozens of Chinese firms to a trade blacklist
* Deflation deepens in Japan as consumer prices fall at fastest rate in a decade
* Philly Fed Mfg Index continues to reflect solid growth in December
* US housing starts rose in November–third monthly gain
* US jobless claims continue to rise, reaching highest level in over 3 months:

Macro Briefing: 17 December 2020

* Congress still negotiating a $900 billion coronavirus relief bill
* US reports record Covid-19 deaths (3600-plus) for December 16
* French president tests positive for Covid-19
* Moderna’s Covid-19 vaccine expected to receive FDA approval
* Fed leaves rates unchanged and commits to more bond purchases
* Fed lifts US economic growth forecast for 2021
* US retail sales fell more than expected in November
* Eurozone consumer prices fall for fourth straight month
* Bitcoin rises above $23,000 as Wall Street embraces the cryptocurrency
* Home builder confidence slips in December after reaching record high
* US economic expansion slowed in December via PMI survey data