What we’re reading (12/25)
“Generation Z Is Lost In An Age When Nothing Matters” (Real Clear Markets). “How then can they think? The answer, of course, is that many do not. They feel - and react, based upon those feelings. Without thinking - the thinking being done for them, by those who have learned the value of thoughtlessness and passivity.”
“Almost One-Third Of Young Workers Are Making A Huge Retirement Mistake” (USA Today). “According to Goldman Sachs' recent report, 30% of workers under the age of 40 believe they will have to replace just 60% of their pre-retirement income -- or less -- after they've left the workforce for good. This means if they were making $70,000 when they left the workforce, they are assuming they'll only require a total of $42,000 at most once they've quit their jobs for good.”
“‘Mad Max,’ Crooked Insiders And A Wolf: Here’s What Some Of Wall Street’s Most Audacious Fraudsters Are Up To” (CNBC). “That can make the Street a fertile ground for fraud. Some of the most notorious financial crimes of all time have ties to the corner of Wall and Broad, and their impact — on victims, law enforcement, and future would-be crooks — lasts to this day. Let’s catch up with some of Wall Street’s most audacious fraudsters.”
“Commodities: Inflation Hedge Or Fool's Gold?” (Morningstar). “Investing in commodities always gains interest when the specter of inflation rears its ugly head. Research shows that commodities tend to be one of the asset classes that is most positively correlated with inflation, as calculated by the Consumer Price Index.”
“Travel Woes Deepen As Omicron Variant Hits Pilots And Flight Attendants” (Wall Street Journal). “Airlines have canceled more than 600 U.S. flights so far Friday, calling off hundreds more scheduled for Saturday, according to FlightAware, a flight-tracking site. Some European airlines and rail operators are also grappling with higher rates of illness among employees, in the latest sign of how the rapidly spreading Omicron variant is upending business even in industries with heavily vaccinated workforces.”
