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even more interesting reads

Just wanted to share a quick roundup of interesting reads I’ve come across in my online travels lately…

Minyanville nicely summarized the Bank of England’s recent move to shore up their own beleaguered mortgage and credit markets – good, compact survey of the major press on the topic.

Speaking of overseas doings, if you’re considering a European vacation this summer you’re probably really scratching your head about the strong euro. For those who might want to retire overseas, the WSJ offers this smart take on hedging currency risk if you’re retiring abroad.

And while we’re talking retirement, you might also find this controversial take on asset allocation interesting (reported in the New York Times). In a nutshell, if you’re used to thinking that you’ll shift your assets from stocks in your youth to more bonds as you age, this study suggests that conventional wisdom might not be as effective as we all think.

While we’re all thinking ahead, another WSJ article advises you to put your cash in stockpiling food – as agricultural prices continue to climb, you’ll get a better return on buying bulk cereal than you can get now in your money market account.

At least there’s some good news: the TradeKing blog recently reported on a story I also found interesting, called “What Not to Worry About”. Nothing like a spot of relief for a change, no?


[image: in touch with the outside by aloshbennett on flickr]

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Posted by bigdog on 04/30/08 at 02:55 AM

Tag It | 1 user tagged it: TradeKing, retirement, asset allocation, food, commodities

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WallStreetKing

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WallStreetKing

load up the pantry * brent arends that is an interesting article WMT COST

the odds of retirement nest egg * Mark Hulbert great overall strategy

Bank of England * Andrew Jeffrey last paragraph says it all!!!

How to Hedge If you retire abroad * Kelly Greene This is great, retiring next 5 years look at the currency rates, are they favorable, open an account now!!!

Is that your coffee mug? :) what is that headline: media pressure did me in. reminds me to look at the markets and volume as I round the bases for home.  ThankYou for your article.

PEACE

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locogmac

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locogmac

Stockpile rice!

Rice has been the talk lately around where I live amongst Asians. Costco, where many of us love to buy our rice in huge bags, has recently started to impose a 10 bag limit on rice. I think we might not have even realized a rice shortage until Costco did that.

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snowman

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So Hedging your currency risk article means  (translation) the dollar will strengthen. Controversial take on asset allocation means (translation) they do not want you to sell your stocks the market is going to tank. Put your money into stockpiling food (translation) they want you to buy commodities and spend all your money because they Know interest rates are going to climb and they are presently selling commodities and need all the help they can get. What not to worry about (translation) I am not playing the devil's advocate, we can all count on the media leading us astray! Will save this post under Favorites and bring it up three months from now, RIGHT OR WRONG!!!!!!!
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bigdog

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So, Snowman, I guess it's safe to say you're not a fan of the financial news media these days? I caught a few of your posts lately on the subject, plus your comment gives me a clue... While I wouldn't vouch for every one of these takes proving true in the long run - after all, I'd titled the post "interesting reads", not "sure-fire truths" - your point on the value of reading skeptically is absolutely right-on. Especially when the economy is uncertain, it seems like the media's headlines get increasingly outlandish. It can be hard to separate fact from fiction, and even harder to resist believing all the scariest news. (I, for one, am cool with the single bag of rice we've got in our pantry for now - and I have to wonder if Costco didn't impose the 10-bag limit just to stoke their sales.)

Even so, glad you enjoyed these, WSK and Logomac. To answer your question, I found this image on flickr, so sadly, it's not my mug or my paper...although I did dig the headline "Media Pressure Did Me In"!

Be Good,
Don