The Big Picture


 

Household borrowing has reached new records.

Now that we have surpassed 2008 highs in household debt, I guess we are due for a panic attack.

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VICE: Charlottesville: Race and Terror [0.03]

Posted on Aug. 16, 2017, 10 a.m. by The Big Picture @ [source]

Whatever thoughts I had on President Trump previously have been replaced with sheer disgust.

On Saturday hundreds of white nationalists, alt-righters, and neo-Nazis traveled to Charlottesville, Virginia to participate in the “Unite the Right” rally.

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The Good News on Wage Growth [0.06]

Posted on Aug. 16, 2017, 9 a.m. by The Big Picture @ [source]

Figure 1 shows why.

Overall, these factors have combined to hold down growth in the median weekly earnings measure by a little under 2 percentage points (Figure 2), a sizable effect relative to the normal expected gains.

Bart Hobijn Daly employment full time growth labor Mary wage wage growth workers

 

The ‘Great American Eclipse’ [0.19]

Posted on Aug. 15, 2017, 11:30 p.m. by The Big Picture @ [source]

This August, the U.S. will experience the first total solar eclipse seen from the U.S. coast to coast in nearly a century. Here’s how the eclipse works, and why scientists are keeping a close eye on it.

August century Coast eclipse eye keeping scientists solar works

 

Matt Wallaert is on a mission to create a ‘Chief Behavioral Officer’ officer as a standard C-Suite position within corporate America.

Wallaert is a behavioral psychologist and entrepreneur who began his tech career building the finance start-up Thrive (it was eventually purchased by LendingTree).

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Household Debt: A Note on Partial Scores [0.06]

Posted on Aug. 15, 2017, 1 p.m. by The Big Picture @ [source]

A recent column in the Washington Post – Consumer debt is at a record high.

Putting aside the myriad issues that caused the financial crisis — the column seems to want to lay the blame at the feet of consumers and their debt [BR here: the author discusses importance of having a cash cushion but failed to discuss the resetting teaser rates of the 2/28 type loans; after 24 months, they reset, sending amount needed to service the debt skyrocketing]; we see that this particular metric peaked at 13.2% in the fourth quarter of 2007, collapsed throughout and well beyond the recession, and now sits at just under 10%, where it’s been for some time, and which is a multi-decade low.

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How Greed and Easy Money Corrupted Wall Street and Shook the World Economy Learn More...

The most beautiful thing we can experience is the mysterious. It is the source of all true art and science.

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The Living Standards Audit 2017 [0.44]

Posted on Aug. 15, 2017, 9 a.m. by The Big Picture @ [source]

How Greed and Easy Money Corrupted Wall Street and Shook the World Economy Learn More...

The most beautiful thing we can experience is the mysterious. It is the source of all true art and science.

beautiful Corrupted easy economy Greed learn money Shook Street wall

 

John Oliver on White Supremacists [0.44]

Posted on Aug. 15, 2017, 1 a.m. by The Big Picture @ [source]

How Greed and Easy Money Corrupted Wall Street and Shook the World Economy Learn More...

The most beautiful thing we can experience is the mysterious. It is the source of all true art and science.

beautiful Corrupted easy economy Greed learn money Shook Street wall

 

Redefining Bull and Bear Markets [0.00]

Posted on Aug. 14, 2017, 5:18 p.m. by The Big Picture @ [source]

Defining a market by percentage changes doesn’t offer the insight needed to make investment decisions. Do these definitions assist in managing risk, deploying capital or even in thinking about market cycles?

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My father died when I was a senior in high school so I had to pass up the chance for a scholarship to college to work in Wall Street to help support the family.

The things I learned in the saloons were not the same things you learn in places like the Sloan School of Management – usually they were better.

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Electric-Car Vision Not Yet Realized [0.12]

Posted on Aug. 14, 2017, 10:30 a.m. by The Big Picture @ [source]

It might seem like there’s more news about electric cars than actual electric cars on the road. Automakers are pouring billions into an electric future but these ambitious plans present a jarring contrast to what’s actually happening today in showrooms.

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How Greed and Easy Money Corrupted Wall Street and Shook the World Economy Learn More...

A truly rich man is one whose children run into his arms when his hands are empty.

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David Letterman on Norm Macdonald Live [0.22]

Posted on Aug. 13, 2017, 11:30 p.m. by The Big Picture @ [source]

How Greed and Easy Money Corrupted Wall Street and Shook the World Economy Learn More...

A truly rich man is one whose children run into his arms when his hands are empty.

Corrupted easy economy Greed learn money rich Shook Street wall

 

How To Promote If You’ve Had A Hit [0.19]

Posted on Aug. 13, 2017, 5 p.m. by The Big Picture @ [source]

Mystery is history. Your number one concern is satiating your fans.

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SPIVA® U.S. Scorecard [0.22]

Posted on Aug. 13, 2017, 10 a.m. by The Big Picture @ [source]

How Greed and Easy Money Corrupted Wall Street and Shook the World Economy Learn More...

A truly rich man is one whose children run into his arms when his hands are empty.

Corrupted easy economy Greed learn money rich Shook Street wall

 

This week, we chat with Matt Wallaert, a behavioral psychologist and entrepreneur who was formerly a director at Microsoft Ventures.

Wallaert believes in “designing for behavior change” among technology start-ups.

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Succinct Summation of Week’s Events 8.11.17 [0.18]

Posted on Aug. 11, 2017, 9:30 p.m. by The Big Picture @ [source]

Jobless claims remain low at 244k, with the 4-week moving average down to 241k.

Consumer prices also remain soft, rising just 0.1% m/o/m and 1.7% y/o/y.

business claims Jobless moving NFIB optimism remain rose small week

 

What if You Actually Wanted to Go Active? [0.04]

Posted on Aug. 11, 2017, 6 p.m. by The Big Picture @ [source]

The rise of passive investing, which its advocates prefer to call low-cost investing , is the most dominant trend in the markets during the past decade.

Today, we shall apply Charlie Munger’s aphorism of “invert, always invert” to the active-versus-passive management debate.

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