Be sure to stay plugged in to the Mullooly Asset Management YouTube channel! Every Wednesday afternoon we drop a new episode of the Mullooly Asset Show. Episode 198 is set to be released today!
Here’s what I’ve been reading this morning:
‘Why are Credit Card Interest Rates So High?’ – Ben Carlson – A Wealth of Common Sense
- In an environment when almost every other type of interest rate is HISTORICALLY low, Ben takes a look at why credit card interest rates have remained very high. There are a few factors that play into the constantly high rates on credit.
‘Making Cents’ – Richard Quinn – Humble Dollar
- There are plenty of odd jobs along the way for a person throughout their life. Richard outlines his “earning career” going all the way back to collecting soda bottles to trade in during the 50’s. Richard writes about how the landscape of getting creative as a kid to earn money has changed and questions how kids today can earn their own money.
‘You Can’t Undrop the Bomb’ – Josh Brown – The Reformed Broker
- In his latest post, Josh highlights a sentiment written by Morgan Housel about this latest economic downturn. Now that the general public knows what kind of tools the Fed and the federal government have at their disposal, every economic downturn from here on out will expect the same response. Stimulus checks and Fed response will be table stakes moving forward, which could have unintended consequences.
‘Colleges Spend Millions to Prepare to Reopen Amid Coronavirus’ – The Wall Street Journal
- The fall semester for colleges and universities will be here before you know it, and these institutions are on high alert to get ready. This article outlines some of the measures being taken by schools across the country to get ready for reopening at the end of the summer.