Stock

Cleveland Fed: Key Measures Show Inflation Above 2% YoY in September, Core PCE below 2%

The Cleveland Fed released the median CPI and the trimmed-mean CPI this morning: According to the Federal Reserve Bank of Cleveland, the median Consumer Price Index rose 0.2% (3.0% annualized rate) in September. The 16% trimmed-mean Consumer Price Index also rose 0.2% (1.9% annualized rate) during the month. The median CPI and 16% trimmed-mean CPI […]

Investing

SteelPath October MLP update and news

MLP market overview Midstream master limited partnerships (MLPs), as measured by the Alerian MLP Index (AMZ), ended September up 0.7% on a price basis and once distributions are considered. The AMZ results underperformed the S&P 500 Index’s 1.9% total return for the month. The best-performing midstream subsector for September was the Propane group, while the […]

Real Estate

Redfin Direct Arrives in Texas

Today, we launched Redfin Direct in Dallas, Houston, Austin and San Antonio. Redfin Direct helps homebuyers easily see and buy Redfin-listed homes without needing to contact a buyer’s agent. With Redfin Direct, buyers can make their offer more competitive by saving the seller from paying thousands in commissions to a buyer’s agent. With our Book […]

Wealth

Affluent millennials are economically optimistic, but afraid to invest

Investopedia’s Affluent Millennial Investing Survey has revealed that nearly half of affluent millennials say they’ll be forced to work beyond retirement age, yet nearly all said their personal or family financial situation will improve over the next decade, making them more optimistic than both their Gen X and Gen Z counterparts.  The survey asked 1,405 […]

Stock

Cost of Living Adjustment increases 1.6% in 2020, Contribution Base increased to $137,700

With the release of the CPI report this morning, we now know the Cost of Living Adjustment (COLA), and the contribution base for 2020. From Social Security: Social Security Announces 1.6 Percent Benefit Increase for 2020 Social Security and Supplemental Security Income (SSI) benefits for nearly 69 million Americans will increase 1.6 percent in 2020, […]

Tax

Scotland’s Declaration of Independence

This story will not resonate much in England, and so I share it here. As the Herald newspaper in Scotland has noted: Prominent figures from the arts and academia have piled pressure on Nicola Sturgeon ahead of the SNP conference by publishing their own “declaration of independence”. The 50 signatories – including actor Brian Cox, […]

Tax

The weird will change the world

To continue a small theme of Extinction Rebellion related tweets and videos this morning, I conclude with this: “The Weird are Destined to Change the World”@GeorgeMonbiot’s powerfully moving Extinction Rebellion speech Watch full film: https://t.co/qHteJpmZhW pic.twitter.com/Axa9BExMbf — Double Down News (@DoubleDownNews) October 9, 2019

Tax

Understanding Extinction Rebellion’s methods

This video by George Monbiot will be perplexing unless the logic of Extinction Rebellion is understood. George Monbiot says he intends to be arrested next week. And I have little doubt he will be. Because some Extinction Rebellion participants do plan to be arrested. It is a planned process. The logic of Extinction Rebellion is […]