What we’re reading (4/30)
“As Odds Rise For A Recession, What's Your Investment Strategy?” (USA Today). “Odds for an economic recession in the U.S. seem to be rising by the day, so what should people do to prepare? Not much, financial advisers say. That answer may surprise newer investors who’ve been fortunate to see mostly economic expansion and stellar stock returns in the past 25 years. But to those who have lived a bit longer and seen a few cycles, they know to just stay focused and patient.”
“Investment Adviser’s Stock Market Formula Paid Dividends” (Wall Street Journal). “She recommended stocks largely on the basis of dividend yields. ‘Dividends are real money—not just figures on a balance sheet,’ she and Janet Lowe wrote in a 1988 book, ‘Dividends Don’t Lie.’ Earnings could be manipulated, she reminded investors. ‘If a company doesn’t pay a dividend, it’s a speculation,’ she said…Ms. Weiss died April 25 at her home in San Diego’s La Jolla neighborhood. She was 96.”
“Don’t Take The Surprising Drop In G.D.P. At Face Value” (The New Yorker). “If you add these three volatile factors [imports, inventories, government spending] and affecting G.D.P. together, they reduced the headline growth figure by roughly 4.5 percentage points, which explains why it came in negative even though underlying spending by households and businesses was strong.”
“What To Know Before You Add Bitcoin To Your 401(k)” (Washington Post). “Fidelity Investments announced that it will allow employers to offer their employees bitcoin in their workplace retirement plans. It was, in many ways, inevitable, but the timing is problematic, as the U.S. economy may be stumbling into some harder times.”
“Working 9 To 2, And Again After Dinner” (New York Times). “Time spent working after traditional hours has grown 28 percent since March 2020, according to data from Microsoft Teams users, and weekend work has increased 14 percent.”
