A new book from the Nobel laureate economist looks at the enduring stories of machines stealing our jobs.
— Read on www.bloomberg.com/news/articles/2019-10-01/robert-shiller-on-infectious-narratives-in-economics-excerpt
Dow Falls 500 points
ISM Manufacturing Index (since 1948) – Dow falls 500 points
52 – Healthy – Expansion
48 – Recession Possible – Contraction
44 – Moving to Recession – Contraction
43 – In Recession – Contraction
Savings by age: how to retire with $1 million on a $100,000 salary
Even if you are making $100,000 a year, planning to save $1 million for retirement can seem like an impossible goal. Luckily, with time and dedication, you can get there — regardless of your age. Most financial experts recommend saving 10% to 15% of your income for retirement, but those percentages will not get you to $1 million if you put off saving for too long.
— Read on www.cnbc.com/2019/10/01/savings-by-age-how-to-retire-with-1-million-on-a-100000-salary.html
Everyone Has a Wealth Number. What’s Yours? – Bloomberg
Our new index gives everyone in the world a number, from -2 to 11.
— Read on www.bloomberg.com/news/articles/2019-09-30/everyone-has-a-wealth-number-what-s-yours
Toronto is now the world’s second most overvalued property market: UBS | Financial Post
Vancouver is sixth, according to UBS
— Read on business.financialpost.com/real-estate/toronto-is-now-the-worlds-second-most-overvalued-property-market
Required downpayment amounts vary across Canada | The London Free Press
Housing affordability is becoming a top priority for voters in the upcoming federal election, says Penelope Graham, managing editor at Zoocasa.
— Read on lfpress.com/life/homes/required-downpayment-amounts-vary-across-canada/wcm/c15295bd-762d-403b-b529-27a76a99ae52
Australia cuts key interest rate to record low 0.75% – MarketWatch
The cut on Tuesday follows reductions by the Reserve Bank of Australia in June and July. Previously the bank had not shifted the rate in almost three years.
— Read on www.marketwatch.com/story/australia-cuts-key-interest-rate-to-record-low-075-2019-10-01
IPO Slump
20 Financial Terms Most Canadians Don’t Know (But Should)
One of the first steps in becoming financially literate and taking control of your finances is to be able to speak the language. Knowing what certain financial terms mean will help you understand what your financial advisor or bank manager is talking about. You might even find articles about finance less boring. Here are some of the financial terms most Canadians don’t know but should.
— Read on www.msn.com/en-ca/money/topstories/20-financial-terms-most-canadians-dont-know-but-should/ss-BBSUcND