Weekly Mixtape For April 26th, 2020

Week In Review Articles

The WSJ: U.S. Coronavirus Death Toll Tops 50,000

The WSJ: Millions of U.S. Workers Filed for Unemployment Benefits Last Week

CNBC: The US Economy Has Wiped Out All The Job Gains Since The Great Recession

Forbes: Paycheck Protection Program, Round 2: Can Your Business Receive Any Of This Money?

The WSJ: U.S. Oil Costs Less Than Zero After a Sharp Monday Selloff

The WSJ: Millions of Credit-Card Customers Can’t Pay Their Bills. Lenders Are Bracing for Impact.


Weekly Mixtape

Morgan Housel: What’s Different This Time “Some things never change. Greed, ego, FOMO, and gullibility were with us 1,000 years ago and they’ll be with us 1,000 years from now.”

A Wealth Of Common Sense: Making Sense Of A Stock Market That Doesn’t Make Any Sense “The worst thing you could do in an investing environment like this is assuming there is only a singular path forward. The second worst thing you could do is assume you know exactly what that path is.

Pragmatic Capitalism: Letting States Default Is Very Dangerous Thinking “Further, to people concerned about the free market and the economy – why would we risk a huge state like New York defaulting? If you think Lehman Bros defaulting was a problem then wait until one of the largest states in the country defaults. And for what? All because some politicians misunderstood the inherent nature of state budgeting while they extract their pound of flesh?”

The Reformed Broker: The Next Leg Down Will Involve Credit Cards “It’s easier to let a credit card loan go delinquent than it is to skip car payments or mobile phone payments. If you have a car and a phone, you can get a new job and manage your life. If you’re late paying back a credit card, you can still get through the days and months ahead”

The Retirement Field Guide: The Key To Successful Investing “Admittedly, “not knowing” is the only thing we can profess authentically. It is the only thing we can profess as a statement of fact. But here is what I can also state in the same breath. I have faith that everything will work out okay. As spring turns to summer, maybe this thing will be short-lived or maybe it will take a while. Regardless, I can advocate for continued faith that this too shall pass.”

Douglas Boneparth: What College Graduates Need To Know Post-Coronavirus “If there’s anything I learned from starting my adult life during the Great Recession, it’s that no matter how bad things might look or be at the moment, there’s a world of opportunity still waiting out there. Giving up or getting down in difficult times solves nothing. The most determined and resourceful of us are the ones who get to roam the greenest pastures when we inevitably make it over the other side of the fence.”

Humble Dollar (Peter Mallouk): Don’t Fall For It “Crooks tend to step up their game at times of crisis: Stress, change and misinformation make for the perfect backdrop, as they try to separate you from your money. Here’s a rundown of six current scams, and how to spot and avoid them. Note that nearly all of them are simply tailored versions of scams that take place year-round.'”

The Atlantic: The Three Equations For A Happy Life, Even During A Pandemic “Enduring happiness comes from human relationships, productive work, and the transcendental elements of life.”

Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining to your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.


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