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What We’re Reading

Reading

An occasional sampling of what’s catching the attention of professionals at Landaas & Company

In a blog item titled “Little Ways the World Works,” author Morgan Housel shares examples of how a discovery in one field can become a truism as it’s detected in other spheres. For instance, a mathematician’s demonstration of “how precise numbers can skew reality” helps explain why inflation can be controversial. “Everyone spends their money differently,” Fausel writes, “so there’s no single inflation rate – your inflation may be very different from someone else’s, then people get angry that others don’t see what they see.”

Suggested by Kendall Bauer

As soon as the Nasdaq composite index reached 20% above its low point in June, declarations of “bull market” circulated among investors. However, suggesting that a rally marks a swing in momentum was “jumping the gun,” financial columnist Mark Hulbert wrote in MarketWatch. Rallies often occur during bear markets, he wrote, “it’s dangerous to conclude that they mean happy days are here again.”

Suggested by Kyle Tetting

A move by the White House to forgive up to $20,000 in student loan debt for millions of Americans includes many questions, some of which were covered in an extensive FAQ-style New York Times article. Among the particulars, the article says the government benefit shouldn’t be treated as income that’s subject to federal income taxes. (The Tax Foundation reports that Wisconsin is among a handful of places where beneficiaries should expect to pay state income taxes on forgiven student loans.)

Suggested by Kyle Bartsch

(Please note: We try to avoid linking to articles that require subscriptions, but we cannot control others’ websites. We apologize for any inconvenience.)

(initially posted Sept. 2, 2022)

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