Europe’s “comprehensive” solution: Markets cheered news out of Europe on a plan to address the debt crisis. The Economist magazine explains the proposed solution and why the solution may not be so “comprehensive” after all.
Behavioural Biases: Daniel Kahneman is an expert in behavioural finance. Along with Amos Tversky, Prof. Kahneman is a past winner of the Nobel Memorial Prize in Economics. He has just published a new book titled Thinking Fast and Slow. Bloomberg ran a four part series of excerpts from the book on behavioural biases and how it affects us. You can read it here, here, here and here.
How scammers work: A gold scammer who bilked investors out of tens of millions of dollars talks about how he found his victims and convinced them to invest in non-existent gold bullion.
America, the comeback kid: The Telegraph newspaper reported that due to a confluence of factors, the US may be about to reverse its economic and strategic decline.
Around the blogs
On a recent trip to China, Michael James found out that many Chinese seem to hold a dangerous belief that real estate prices never go down.
Money Smarts Blog explained how to save on calling home from a foreign country.
Million Dollar Journey shared some tips on how to save at Costco. As a regular Costco shopper, I find one could save even more by stocking up on items that are featured in the coupons.
Canadian Financial Stuff asked his bank to reduce the interest rate on his line of credit and is surprised to receive it.
My Own Advisor shared his favourite takeaways from The Elements of Investing.