I know it’s kinda a bit late since I have just heard this song couple of days ago. But every time I hear this song, I love this song even more
You’ll typically hear two different arguments here, and I’ll sum them up quickly without getting into the math:
1. You shouldn’t prepay your mortgage. You should invest the money instead because with loan rates so low, it’s feasible to outpace the interest rate with your return. Plus, your…
If a government wants money, it can sell bonds or raise taxes. It can also just start pointing to stuff and saying: This is now ours.
That’s what Argentina did this week with YPF, a domestic oil company that’s owned by a Spanish firm called Repsol.
This week, Argentina’s government basically said to Repsol: “That oil company you own in our country? We’re going to take it away from you.”
[M.I.N.I.] Ah, if only personal finance worked like a government economic policy…
How America Spends Money: 100 Years in the Life of the Family Budget
Paul Higgins: great story and analysis of the change of family budgets from necessities to discretionary spending (although some would now say that some of the discretionary spending is necessary). The ratio in the USA of spending on housing to food has gone from 0.534 in 1900 (i.e. almost twice as much spent on food as housing) to 2.538 (more than 2.5 times spent on housing as on food). At the same time family sizes have shrunk.
Full Story: The Atlantic