Daily Reads 8/5/2019
Hi, everyone. This week is off to a lackluster start as we see the markets trending down. Trump blames this on China for manipulating their currency. So, we take a closer look at China’s devaluation practice. The 10-year Treasury yield plunges below 1.75%. In real estate, we look at the difficulties homeowners are having paying off their homes, and what prospective buyers should know before purchasing. And we read about the benefits of talking money with friends, and how this can improve your finances.
President Donald Trump accused China on Monday of manipulating its currency as the trade war between the world’s largest economies keeps escalating.
For the second time in five years, China devalued its currency. The last time this happened was on August 24, 2015. This is a day that market participants will remember well. The Dow opened down more than one thousand points.
The yield on the benchmark 10-year Treasury note fell below 1.75% on Monday, its lowest level since November 2016, after China countered U.S. trade action and escalated the protracted dispute between the two nations.
American homeowners are finding it difficult to pay off their homes, and as a result, they wish they would have saved up more money before signing on the dotted line.
For a taboo subject, a lot of people like talking about money. Like-minded friends are an obvious choice, but you can also find your community online.