Tim’s Top Links – 12/21/21

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Here’s what I’ve been reading this morning:

‘Why Congress Shouldn’t Be Able to Buy Individual Stocks’ – Nick Maggiulli – Of Dollars and Data

• Over the last few weeks, a hot button issue in the news has been whether or not members of Congress should be able to trade stocks.  Nick writes a compelling argument against members of Congress trading stocks.

‘Booming U.S. Economy Ripples Worldwide; Straining Supply Chains and Driving Up Prices’ – Tom Fairless – The Wall Street Journal

• Sometimes Americans tend to forget that we are not the only economy currently working through a pandemic.  This article outlines how the rest of the world economies are feeling the impacts of the booming US economic recovery.

‘A Quarter of Americans Expect Their Financial Situation to Be Worse in 2022’ – Michelle Fox – CNBC

• A recent survey shows that over two-thirds of Americans believe they will be in a worse, or even, financial situation next year.  Many of the concerns stem from spikes in inflation, but we’ll have to wait and see how it plays out.

‘As Inflation Rises, Cost-of-Living Raises Gain Popularity’ – David Harrison, Sarah Chaney Cambon – The Wall Street Journal

• The concerns over inflation, and subsequent data confirming the return of higher inflation, have dominated the financial news lately.  This article looks at how wage increases to offset inflation could protect investors heading into next year.

ENJOY!