Daily Reads 1/11/2019
It’s Friday! Which means it’s almost the weekend. This morning we are reading about the continued rise of oil prices, slowing Chinese economic growth, and why a 401(k) loan can cost you much more over the long run than you realize.
INVESTING & THE ECONOMY
Oil rose for a 10th consecutive day in London, heading for its longest run of gains on record, as OPEC cutbacks reined in supply while reassurance from the Federal Reserve buoyed the outlook for demand.
As the world’s second-largest economy loses steam, China’s top leaders are closely watching employment levels as factories could be forced to shed workers amid a trade war with the United States, despite a more resilient services sector, policy insiders said.
The Fed chief’s comments came as the annual U.S. deficit reaches new sustained highs above $1 trillion, a fact many economists worry could spell trouble for future generations. Annual deficits have topped $1 trillion before, but never during a time of sustained economic growth like now, raising concern about what would happen if a recession hits.
My husband and I bought our dream house when we were just 28 & 29 years old. This was our second house and honestly, more house than we really should have bought. But you know, it had a huge 40×60 shop and we loved the house and property. So, there we were buying a $450,000 house with an 18-month old.
Our twenties are often chalked up as a life-defining decade. You’re finally, inarguably an adult — but who among us hasn’t felt like we’re still very much figuring it out? Your twenties are important, sure, but they aren’t everything. You can’t and shouldn’t expect to have it all figured out.