Interesting posts, updates, and carnivals and featured links for the week!
Interesting posts, updates, and carnivals and featured links for the week!
I recently came across Jodi Beggs's awesome (and tongue in cheek, and that's a compliment from a site called DQYDJ!) economics site, "Economists Do It With Models". Perusing her recent history, I came across an article entitled "Adventures in Fact-Checking, GOP Debate Edition" where Jodi fact checked some statements made by Mitt Romney and Newt Gingrich and found them, on the surface, to be false. Fair enough - the candidates both made statements to the effect that Ben Bernanke is the most inflationary Fed Chair ever. Playing fast and loose with the facts is wrong, but I don't entirely like how Ms. Beggs ranked the Chairmen - by annualized inflation during their term. To explain why I'll turn to an unlikely (yet, strangely appropriate) place- baseball.
In a recent article here at DQYDJ I posted a chart which graphed worldwide interest in 'Frugality' and 'Personal Finance' based upon the amount of interest registered by Google. There's actually another interesting takeaway from that picture - interest in the term 'Personal Finance' is losing steam in the United States. Interest understandably grew during the recession, and it spikes in the beginning of every year, but interest is definitely trending downward. It opens up an important discussion: Are Americans losing interest in personal finance?
DQYDJ was featured in 2 carnivals this week, better than the average week! We've also be included in a few additional blog aggregators and listing sites. All that and more in this update for the week of 10/17/2011.
Last year I emailed Len Penzo about doing a "paper vs. plastic?" post for one of his "Letters, I Get Letters" articles. Len, as you know, is a plastics guy at heart, but he loved the idea so he sent me something awesome - his band's CD, "In Retrospect". You see, Len is more than an awesome blogger, his talents run much deeper. He was in a band, The Relics, which released an album on Blind Dog Records back in 1995. He also had an awesome haircut, which I have evidence of in the article!
A couple of weeks back, we here at DQYDJ tried to get some Bay Area street cred with our screed on how Bay Area house prices make more sense than one might think (please read that article if you are genuinely interested in our model). After being informed by the readers on the Bay Area home site Burbed that our definition of the Inner Bay Area (the 'Real Bay Area') was too large, we're back for another pass. Thanks to Burbed's super-intelligent head editor Madhaus and a huge amount of comments we're back with two calculators we're titling "The Burbed and DQYDJ Real Bay Area Calculators!". Since all Bay Areans hope for 7.2% annual home value returns (check it - doubling every ten years!), we hope everyone will enjoy this little demonstration of the absurd amounts of wealth that the place we call home generates.
Carnivals we entered, articles we liked, and for the first time, our entry to the Yakezie Challenge.
One of the things we like to do here at Don't Quit Your Day Job is to reveal interesting things hiding in plain sight. One of those things: subtracting the Daily Treasury Real Yield rate from the Daily Treasury Yield rate gives you a good idea of the market's expectations of inflation. Even though media prognosticators won't agree on whether we're in for a deflationary era, hyperinflation, or a whole lot of nothing, you can get a reasonable prediction from market data. Our explanation is below, along with the limitations of this method.
It's a topic we've covered here at DQYDJ before, and we'll definitely do it again in the future. Every once and a while everyone needs a reminder: if you qualify, open a Roth IRA. If you have one and you aren't funding it: do it. Here's a rehashing of why!