Labor Day weekend begins tomorrow afternoon in the U.S. It’s the traditional end-of-summer holiday, and most folks will get Monday off as a paid holiday. My own vacation is going to be a bit different: I’m going to take tomorrow off instead. This will be the last post until Sunday evening.
But as always when I take a short break, I’ll actually be working behind the scenes. Next week is Book Week at GRS, so I’ll be reading and reviewing at least three books. Plus, I’ll be writing the first batch of articles for my animal blog (as part of the GRS blog project) and editing the articles that will run while Kris and I are in Europe next month. So, even though GRS itself is on holiday this weekend, I’m not!
Before the break, however, here are a few financial articles from around the web:
First up, Erin Burt from Kiplinger has a round-up of her favorite fabulous freebies for 2010. This list of 33 items includes things like free car-repair help, free financial apps, free stock-portfolio analysis, free credit reports, and more. It’s a great list. The only puzzlement is why the web version doesn’t include links to all of these sites. (Sometimes old-media companies are baffling!)
Next, USA Today has an article about how the current generation of investors could become a “lost generation”. Mutual fund companies worry that investors are on strike. From the article: “The fear on Wall Street is that this buyer’s strike will linger for years, resulting in a lost generation of investors similar to what occurred after steep stock declines in the 1930s during the Great Depression and early 1970s, a recessionary time punctuated by high inflation.” It’s an interesting article with lots of info about the pros and cons of investing during a rocky market.
A GRS reader — whose name I’ve forgotten (sorry!) — sent me a link to this BBC article about The Age of Debt. Author Adam Curtis cites recent scholarship that says that the West’s recent debt-fueled economy came about because the rich were getting richer. The only way for governments to help the middle-class sustain their lifestyles was to encourage them to fund consumption through debt. His article includes several great old videos about debt. Interesting stuff, regardless of whether you agree with the premise.
One final note: This weekend, I’ll be a guest on the syndicated radio program Your Money Matters with Marc Pearlman. On Monday, Pearlman and I chatted about debt, investing, and the psychology of spending. Check your local listings to see if the show is broadcast in your area. If not, you can listen online, download the show from iTunes, or visit the website to find the show in the archives.
Have a great holiday, everyone!
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